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.