Office - Debt

NorthMarq Capital’s Boston office secures $1.79 million refinance of Nashua, New Hampshire office building

BOSTON (September 7, 2016) – Michael Chase, senior vice president of NorthMarq Capital’s Boston-based regional office, arranged the $1.79 million refinance of a 33,000 sq. ft. office building located in Nashua, New Hampshire. The long-term financing was arranged for the borrower through its relationship with a regional bank.

“The property is a two-story office building that had recently lost a major tenant,” explained Chase. “By the time the property was re-leased only a short window remained prior to maturity of the existing debt. The strength and impeccable reputation of the sponsorship combined with a quality asset allowed us to find a lender willing to meet the borrower’s requirements and close in under thirty days.”

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.