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. 

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.