Hospitality - Debt

NorthMarq Capital

NorthMarq Capital’s Boston office arranges $3.8 million refinance of office building portfolio in Boston MSA

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.”

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.