NorthMarq Capital’s Boston office secures $6 million refinance for Eastgate Apartments
Eastgate Apts
BOSTON (May 12, 2016) – Doug Nickerson, vice president of NorthMarq Capital’s Boston regional office, arranged the $6 million refinance of Eastgate Apartments, a 144-unit multifamily property located at 125 Eastgate Way in Boston, Massachusetts. The transaction was structured with a fully amortizing 30-year term. NorthMarq arranged financing for the borrower through its relationship with a local bank. “The bank was able to secure a loan with a 30-year term, 15-years fixed-rate at 4.25 percent,” said Nickerson. “The borrower’s experience, coupled with the local banks flexibility, made this a successful transaction. We look forward to doing business with both the borrower and lender in the future.”
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.
