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.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.