NorthMarq Completes $13.5 Million Refinance of Industrial Property in Southern Maine
90 Spencer Drive
BOSTON, MASSACHUSETTS (September 29, 2021) – Ryan Demadis, vice president of NorthMarq’s Boston office arranged refinancing of $13.5 million for a 405,000 sq. ft. industrial property located at 90 Spencer Drive in Wells, Maine. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with a regional bank.
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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.
