NorthMarq Capital’s Boston regional office arranges acquisition financing of $4.5 million for office property in South End
44-46 Plympton Street
BOSTON (February 22, 2016) – Ed Riekstins, senior vice president of NorthMarq Capital’s Boston regional office arranged acquisition financing of $4.5 million for a 28,600 sq. ft. office property located at 44-46 Plympton Street in Boston, Massachusetts. The transaction was structured with a 10-year term and a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a national bank. The office is located in Boston’s South End, only a block away from the Boston Flower Exchange redevelopment site. “The borrower was able to get the most flexible terms with this lender and we were very pleased with the smooth and quick closing process,” said Riekstins. “This is a repeat borrower that NorthMarq has done business with and we anticipate closing many more deals in the future.”
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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.
