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