NorthMarq Capital arranges $2,537,500 in acquisition financing for Haverhill, Massachusetts office building
26 Parkridge Road
BOSTON (October 27, 2014) – Ed Riekstins, senior vice president of NorthMarq Capital’s Boston based regional office secured acquisition financing of $2,537,500 of a 42,000 sq.ft. office building located at 26 Parkridge Road in Haverhill, Massachusetts. The transaction was structured with a 20-year term and 25-year amortization. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “The strong location of the property as well as the lender’s assistance to complete a quick closing made this a successful transaction,” commented Riekstins. “We look forward to doing more business with both the borrower and the lender.”
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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.
