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.”