Northmarq arranges $13 million financing for 305 North Main Street medical office in Andover, MA
305 N. Main Street
Northmarq’s Boston Debt + Equity team of Vice President Jeff Munoz and Managing Director Ed Riekstins has secured a $13 million construction loan to develop a 45,000-sq.-ft. medical office located in Andover, Massachusetts. The historic office building, originally constructed in 1920, will be redeveloped into a Class-A medical office building. Northmarq secured the fixed rate construction loan for the borrower through its relationship with a local bank.
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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.
