August 31, 2015

NorthMarq Capital’s Boston regional office arranges $4.725 million refinance of Holyoke and Springfield multifamily portfolio

Multifamily Portfolio

Debt & Equity

Multi-Tenant

BOSTON (August 31, 2015) – Matt Marshall, vice president of NorthMarq Capital’s Boston office arranged the $4.725 million refinance of a multifamily/mixed-use portfolio consisting of 11 total properties (six located in Holyoke and five in Springfield, Massachusetts). The local owner, Atlas Property Management, is a premier full-service operator and third party manager of apartment buildings in the Holyoke and Springfield markets and works closely with local housing agencies to maintain best in class living conditions in several of its properties. NorthMarq arranged financing for the borrower through its relationship with a leading regional bank. “It was a pleasure to work with both sides of the transaction to structure a mutually beneficial portfolio financing,” noted Marshall. “The owner brought significant insight and hands on experience to the transaction. Management’s history and local presence were key components of the deal and the bank was able to offer a tailored long-term solution.”

Available Mixed Use properties

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.