Multifamily
Debt & Equity

NorthMarq’s Boston office arranges $2,175,000 in acquisition financing for 100 Park Place in Providence, Rhode Island

BOSTON, MASSACHUSTETTS (November 25, 2019) – Jeff Munoz, vice president of NorthMarq’s Boston-based regional office, secured acquisition financing of $2,175,000 for 100 Park Place. The multifamily property is located in Providence, Rhode Island.    

Financing Details:
- 5-year term
- 30-year amortization schedule
- NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with a local bank. 

Property Details:
- The property contains 42 units

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

9f3da651-a213-4e41-a138-97746ccef435.jpg
100 Park Place
Permanent Loan - Fixed
$2,175,000