NorthMarq secures $3.4 million refinance of multifamily property in Lynn, Massachusetts
BOSTON, MASSACHUSETTS (April 30, 2020) – Jeff Munoz, vice president in NorthMarq’s Boston office finalized the $3.4 million refinance of 70 Granite, a 48-unit multifamily property located in Lynn, Massachusetts. The permanent-fixed non-recourse loan was structured with a 7-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local banking relationship.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
