NorthMarq Capital arranges $3.5 million refinance for 175 Highland Avenue office building in Needham, Massachusetts
175 Highland Avenue
BOSTON (June 12, 2014) – Joseph Hegenbart, and Ryan Demadis, producers in NorthMarq Capital’s Boston based regional office arranged the $3.5 million refinancing for 175 Highland Avenue, a 39,640 sq.ft. office building located in Needham, Massachusetts. The transaction was structured with a 10 year term and 25 year amortization schedule. NorthMarq arranged financing for the borrower, Winhall Realty, LLC through its relationship with a correspondent life company. Major tenants on the property include Practical Computer Applications, Foodtec Solution Inc. and Heifetz Rose LP. “In a very competitive market the loan closed smoothly due to the expertise and the experience of both the borrower and life company lender,” 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.
