July 13, 2015

NorthMarq Capital’s Boston office arranges acquisition financing of $1.05 million for warehouse/office building in Framingham, Massachusetts

223 Arlington Street

Debt & Equity

Multi-Tenant

BOSTON (July 13, 2015) – Ed Riekstins, senior vice president of NorthMarq Capital’s Boston based regional office secured acquisition financing of 223 Arlington Street, a 21,940 sq.ft. warehouse/office property located in Framingham, Massachusetts. The transaction was structured with a fully amortizing 20-year term. NorthMarq arranged financing for the borrower through its relationship with a local bank. “The borrower was able to get a long-term loan with minimal prepayment penalties from a local bank,” said Riekstins. “This was a repeat lender whose flexibility and simple closing process were paramount to the success of the transaction.”

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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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

Transactions