NorthMarq Completes $13.5 Million Refinance of Industrial Property in Southern Maine
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 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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
