NorthMarq Capital arranges construction financing of $15.6 million for Harding Green, in Worcester, Massachusetts

Harding Green

Debt & Equity

Multi-Tenant

BOSTON (July 11, 2018) – NorthMarq Capital arranged $15.6 million in construction financing for a mixed-use development in the Canal District of Worcester, Massachusetts. The project, called Harding Green, will include 48 market-rate apartment units, a restaurant and about 16,000 square feet of space for a public market. Construction commenced in late May with completion anticipated for early summer 2019.

The NorthMarq team was led by Doug Nickerson, vice president and Katie Pontes, vice president, who together arranged the financing with a regional bank. “We were pleased to be involved with this important and beneficial project for Worcester’s Canal District,” said Nickerson. “Support from the City and State in the form of RE tax abatements and HDIP credits helped to support the projects feasibility. Our client’s investment in the neighborhood will be a significant contribution to the revitalization of this historic area of Worcester.”

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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.