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

Eastgate Apts
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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.”

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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 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.