Office - Debt

NorthMarq Capital arranges $2,537,500 in acquisition financing for Haverhill, Massachusetts office building

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.”

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.