Office - Debt

NorthMarq Capital’s Boston office arranges $2.4 million refinance of office building in Norwell, Massachusetts

BOSTON (May 24, 2016) – Michael Chase, vice president of NorthMarq Capital’s Boston office, arranged the $2.4 million refinance of Longwater Circle, an office property located in Norwell, Massachusetts. The commercial mortgage transaction featured long-term fixed-rate for over 10-years with a 30-year amortization and a flexible prepayment schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank.

“While the property is a well located quality asset, the key to this transaction was strength of the sponsorship,” said Chase. “Lenders were eager to have an opportunity to work with one of the premier real estate groups on the south shore. We were pleased to be able to meet the client’s request for providing competitive long-term fixed-rate financing.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.