NorthMarq Capital arranges $1.65 million financing for The Goddard School in Westford, Massachusetts

The Goddard School
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BOSTON (June 6, 2014) – James M. Murphy, managing director, and Matthew Marshall, vice president, of NorthMarq Capital’s Boston based regional office arranged financing of $1.65 million for The Goddard School, a 8,300 sq.ft. day care center located at 162 Concord Road, Westford, Massachusetts. The transaction was structured with a 20-year term and 20-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a local bank. “This transaction was a great example of NorthMarq Capital’s national reach and local expertise,” said Murphy. “We were able to work with a borrower based in the Midwest and connect them with a local capital source that was able to meet their particular needs. Knowing that there was a scheduled drop in the borrower’s prepayment penalty, the lender was able to lock a sub-4% rate in February for a funding that was not scheduled to take place until June.”

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.