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