NorthMarq Capital arranges $58 million for the refinance of 73 Tremont Street in Boston, Massachusetts
73 Tremont Street
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.”
About Northmarq
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.
