NorthMarq Capital’s Boston office negotiates $8 million refinance of office property in North Chelmsford, Massachusetts
Chelmsford Mills
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.”
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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.
