Industrial - Debt

NorthMarq completes $4 million refinance of industrial property in Boston, Massachusetts

BOSTON, MASSACHUSETTS (November 12, 2020) – Ed Riekstins, managing director and Jeff Munoz, vice president of NorthMarq’s Boston office arranged refinancing of $4 million for a 24,474 sq. ft. industrial property located at 75 Proctor Street in Boston, Massachusetts. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with a regional bank. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.