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

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.”