NorthMarq Capital’s Boston office arranges $2.4 million refinance of office building in Norwell, Massachusetts
Longwater Circle
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.”
Meet our team
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.
