NorthMarq Capital’s Boston office arranges $8 million refinance of 110-unit multifamily property in Manchester, New Hampshire
Multifamily Property
BOSTON (December 12, 2016) – Mark Whelan, vice president of NorthMarq Capital’s Boston-based regional office, arranged the $8 million refinance of a 110-unit multifamily property located in Manchester, New Hampshire. The transaction was structured to be co-terminus with Phase II financing. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “We were very happy to assist our long-term client with a modification of a previous loan to include this new phase of the development,” said Whelan.
About Northmarq
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.
