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