April 21, 2017

NorthMarq Capital’s Boston office arranges $5.2 million refinance of mixed use office and retail center in Peabody, Massachusetts

Mixed Use Office/Retail Center

Debt & Equity

Multi-Tenant

BOSTON (April 21, 2017) Michael Chase, senior vice president of NorthMarq Capital’s Boston regional office, arranged refinancing of $5,200,000 for a 37,692 sq. ft. mixed use property located in Peabody, Massachusetts. The transaction was structured with a long-term fixed rate and a flexible prepayment structure. NorthMarq arranged financing for the borrower through its relationship with a local bank. “We were pleased to once again meet the needs of a long-time client,” said Chase. “This newly developed mix-used center will surely be a long-term investment. We were able to provide a financing structure to fit the sponsor’s needs while also providing flexibility in case of the unexpected.”

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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.

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