December 18, 2017

NorthMarq Capital’s Boston Office Arranges Financing of $1.7 Million for Multifamily Property in Manchester, New Hampshire

Manchester Multifamily

Debt & Equity

Multi-Tenant

BOSTON (November 27, 2017) – Edward Riekstins, managing director and Michael Chase, senior vice president of NorthMarq Capital’s Boston regional office, finalized a $1.7 million refinance of a 53-unit multifamily property located along Pine Street in Manchester, New Hampshire. The transaction included a long-term fixed rate financing and with a flexible prepayment structure. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “The property is a quality multifamily asset serving downtown Manchester,” explained Riekstins. “This transaction marked the seventh financing arranged by NorthMarq in Manchester over the last 18 months.”

Available Multifamily properties

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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.