NorthMarq Capital arranges $10.8 million refinance for Birchwood Hills Apartments in Shirley, Massachusetts
Birchwood Hills Apts.
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.
About Northmarq
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.
