NorthMarq Capital arranges $3.4 million refinance of a downtown Manchester, New Hampshire office property
Manchester Office Property
BOSTON (December 18, 2014) – Matt Marshall, vice president of NorthMarq Capital’s Boston based regional office arranged the $3.4 million refinance of a 43,742 sq.ft. downtown office building located at 1331 Elm Street, Manchester, New Hampshire. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “The combination of long-term sponsorship, property condition and excellent location were major strengths of the transaction,” said Marshall. “All parties recognized the value in structuring a long-term refinance and it was a pleasure to work with both the lender and borrower to complete the deal.”
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.
