Multifamily - Debt

NorthMarq Capital

NorthMarq Capital’s Boston office secures $6 million refinance for Eastgate Apartments

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.”

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.