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 an industry-leading 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 an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.