NorthMarq Capital’s Boston office negotiates $2.4 million refinance of Millstone Plaza Apartments in Newark, Delaware
Millstone Plaza Apts
BOSTON (September 12, 2016) – Ed Riekstins, managing director of NorthMarq Capital’s Boston-based regional office arranged the $2.4 million refinance of Millstone Plaza Apartments, a multifamily property with 24 units and 2,500 sq. ft. office space. The transaction was structured with a 10-year term and 30-year amortization schedule NorthMarq secured financing for the borrower through its relationship with a national bank. “The borrower was very satisfied with the closing process as they were able to secure the desirable rate and complete a quick closing in the time frame requested,” said Riekstins. “We look forward to doing more business with both parties.”
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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.
