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