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