Multifamily - Debt

NorthMarq Capital’s Boston office arranges $3.89 million in financing for Manchester, New Hampshire apartments

BOSTON (December 1, 2015) – Edward Riekstins, senior vice president, and Michael Chase, vice president of NorthMarq Capital’s Boston based regional office secured the $3.89 million refinance of three multifamily apartment properties on Prospect Street, Myrtle Street and Elm Street. The combined properties total over 60 units in Manchester, New Hampshire. NorthMarq arranged the commercial mortgage financing for the borrower through its relationship with a local bank.

“The quality assets, prime location and experienced sponsorship were keys to this successful transaction,” explained Chase. “The lender was able to offer the long-term fixed rate financing requested by the borrower, while still providing a flexible prepayment structure.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.