NorthMarq Capital arranges $2.65 million refinance of multifamily property located in Hudson, New Hampshire
Multifamily Property
BOSTON (May 1, 2017) – Mark Whelan, vice president of NorthMarq Capital’s Boston-based regional office, finalized the $2.65 million refinance of a 41-unit multifamily property located in Hudson, New Hampshire. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “We began the process of finding a lender to retire the existing agency debt before the end of 2016,” Whelan noted. “We were happy to find a portfolio lender willing to hold the interest rate for more than 60-days without any added cost to the sponsors.”
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.
