BOSTON (July 15, 2014) – John Sullivan, Senior Vice President of NorthMarq Capital’s Boston based regional office arranged the $58 million refinance for 73 Tremont Street, a 303,000 sq.ft. office building located in Boston, MA. The transaction was structured with a 20-year term and 23.5 year amortization schedule. Northmarq arranged financing for the borrower through its correspondent relationship with Allianz Life Insurance Company of America. The property represents a landmark class-A office building in the heart of downtown Boston, just steps away from the State House. “We are grateful for the opportunity to help the borrower meet their capital needs by providing long-term financing at what will surely be an attractive rate for years to come,” said Sullivan. “While we had plenty of interest in this transaction from a multitude of capital sources, Allianz Life immediately recognized the quality of the real estate and location. They provided an aggressive quote and were able to execute in a very efficient manner.”
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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.
