NorthMarq Capital arranged $59 million mortgage for Condyne Industrial Portfolio in the Greater Boston Area

Condyne Industrial Portfolio
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BOSTON (April 8, 2013) – James M. Murphy, managing director of NorthMarq’s Boston regional office, arranged acquisition and mezz financing of $59 million for the Condyne Industrial Portfolio located throughout the Greater Boston Area. The portfolio includes 5 buildings containing a total of 1.5 million square feet of industrial space. Financing was based on a 5-year term with one year of interest only and a 29-year amortization schedule. NorthMarq arranged this financing for the borrower, Massachusetts Industrial, LLC, through its relationship with a Real Estate Investment Trust. “This deal required structured financing to include first mortgage, mezzanine plus preferred equity,” said Murphy. “It was NorthMarq’s pleasure to work with the borrower and lender to put this deal together.”

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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