May 11, 2016

NorthMarq Capital’s Boston office arranges $2.38 million refinance of Manchester apartment building

Manchester Apt Building

Debt & Equity

Multi-Tenant

BOSTON (May 11, 2016) – Michael Chase, vice president, and Ed Riekstins, senior vice president of NorthMarq Capital’s Boston-based regional office, arranged the $2.38 million refinance of an apartment building. The 36-unit multifamily property is located on Hayward Street in Manchester, New Hampshire. The long-term, fixed rate financing included a flexible prepayment and a competitive rate. “This transaction marks the fifth closing for NorthMarq in the city of Manchester over the last 12 months, and the second transaction with this borrowing relationship,” said Chase. “We were pleased to provide our client with a long-term fixed rate while maintaining prepayment flexibility going forward,” added Riekstins.

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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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