NorthMarq Capital’s Boston office arranges $3.8 million refinance of office building portfolio in Boston MSA
Office Building Portfolio
BOSTON (March 7, 2017) Michael Chase, senior vice president, and Edward Riekstins, managing director, of NorthMarq Capital’s Boston regional office, arranged refinancing of $3,800,000 for three office properties totaling 28,000 sq. ft. located throughout the Boston MSA. The transaction was structured with a long-term fixed rate and flexible prepayment structure. NorthMarq arranged financing for the borrower through its relationship with a local bank. “We were able to succeed where others failed,” said Chase. “The sponsor did not have luck with a direct lending relationship, and we were able to place the loan request with a banking relationship that was able to meet the client’s requests for proceeds and loan 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.
