NorthMarq arranges $3.7 million acquisition for 133 Portland Street in Boston, Massachusetts
133 Portland Street
BOSTON (January 13, 2014) – Joseph Hegenbart, managing director of NorthMarq Capital’s Boston regional office arranged acquisition financing of $3.7 million for 133 Portland Street, a 30,000 sq.ft. office property located in Boston, Mass. Financing for the transaction was based on a 10-year term and 25-year amortization schedule.NorthMarq facilitated financing for the borrower, the Winhall Companies, through its relationship with a correspondent life company. Major tenants include Dell Marketing and Rindler Morgan. “We were able to obtain financing for the acquisition of the property given short time constraints to close,” said Hegenbart.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
