NorthMarq Capital’s Boston office negotiates $8 million refinance of office property in North Chelmsford, Massachusetts
BOSTON (November 29, 2016) – Ed Riekstins, managing director of NorthMarq Capital’s Boston-based regional office arranged the $8 million refinance of Chelmsford Mills, a 208,698 sq. ft. office property located at 51 Middlesex Street in North Chelmsford, Massachusetts. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local bank. “The financing was arranged with a repeat lender,” said Riekstins. “The relationship with the local bank, coupled with the well-managed property with historically strong occupancy, allowed for a successful transaction.”
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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
