NorthMarq Capital’s Boston office completes $1.05 million refinance of Manchester apartment portfolio
Manchester Apt Portfolio
BOSTON (May 5, 2016) – Michael Chase, vice president, and Ed Riekstins, senior vice president of NorthMarq Capital’s Boston-based regional office, arranged the $1.05 million refinance of a Manchester apartment portfolio. The three multifamily properties located on Chestnut Street, Orange Street and Brook Street in Manchester, New Hampshire totaled 28-units. NorthMarq arranged the commercial mortgage financing for the borrower through its relationship with a regional bank. “As they say, referrals are the kindest form of flattery,” said Chase. “Our recent successes in the Manchester market led us to this client. We were able to present several options for short-term and long-term fixed-rate financing which allowed the client to choose the rate, term and prepayment structure that suited him best.”
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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.
