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