NorthMarq Capital arranges $10.8 million refinance for Birchwood Hills Apartments in Shirley, Massachusetts

Birchwood Hills Apts.
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BOSTON (April 22, 2014) – Doug Nickerson, vice president of NorthMarq Capital’s Boston regional office arranged the $10.8 million refinance for Birchwood Hills Apartments, a 68-unit multifamily property located in Shirley, Massachusetts.The transaction was structured with a 7-year term and 25-year amortization schedule and was arranged for the borrower, Birchwood Hills Corporation by NorthMarq through its seller/servicer relationship with Freddie Mac. “Freddie Mac beat out significant competition on this transaction. They priced the loan aggressively based on an existing relationship with the borrower, proactive property management and superior asset quality,” said Nickerson.

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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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