NorthMarq’s Boston office secures $10.5 million refinance of Hyannis House Apartments in Hyannis, Massachusetts

Hyannis House Apts
Debt & Equity
Multi-Tenant
Multifamily
Permanent Loan - Fixed
Freddie Mac
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BOSTON, MASSACHUSETTS (August 20, 2020) – Jeffrey Munoz, vice president of NorthMarq’s Boston office, completed the $10.5 million refinance of Hyannis House Apartments. The 111-unit multifamily property is located at 290 West Main Street in Hyannis, Massachusetts. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower as a Freddie Mac Optigo lender. 

The property is located minutes away from the Hyannis Port Beach, Cape Cod Mall, and Barnstable Municipal Airport. Commuters can reach Boston in under ninety minutes via the Sagamore Bridge just a short drive away.

“The borrower was excited to execute their first refinance with Freddie Mac, who were able to lock a rate of 3.02 percent during this difficult environment demonstrating their purpose of providing liquidity in the housing market. This loan represents Freddie Mac's first loan in the Cape Cod market,” said Munoz. 

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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.
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