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
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 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.
