Office - Debt

NorthMarq Capital’s Boston office arranges $40 million for the refinance of Gateway Center in Charlestown, Massachusetts

BOSTON (June 18, 2015) – John Sullivan, senior vice president of NorthMarq Capital’s Boston based regional office completed the $40 million refinance of Gateway Center, a 175,000 sq.ft. office building located in Charlestown, Massachusetts. The transaction was structured with a long-term fixed rate and featured a fast closing. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

“The combination of a repeat borrower, property condition and excellent location were major strengths of the transaction,” noted Sullivan. “All parties recognized the value in structuring a long-term refinance at what will surely be an attractive rate for years to come. It was a pleasure to work with both the lender and borrower to complete the deal.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.