Industrial - Debt

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.

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.