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