Mixed Use - Debt

NorthMarq arranges 65 percent LTV refinance of State Street & Fort Hill mixed-use portfolio in Boston, Massachusetts

BOSTON, MASSACHUSETTS (April 30, 2020) – Jeff Munoz, vice president in NorthMarq’s Boston office secured the refinancing of State Street & Fort Hill mixed-use portfolio, located in Boston, Massachusetts. The property contains 4,760 sq. ft. The permanent-fixed non-recourse loan (65% LTV) was structured with a 7-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local credit union. 

“The loan is cross-collateralized by a retail condo on State Street and a multifamily property in the Fort Hill neighborhood of Roxbury,” said Munoz.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.