Multifamily - Debt

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

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.