NorthMarq Capital arranges $2.45 million refinance of office building in Concord, New Hampshire
One Pillsbury Street
BOSTON (September 22, 2014) – Michael Chase, Assistant Vice President of NorthMarq Capital’s Boston based regional office secured the $2.45 million refinance of a 27,253 sq.ft. office property located at One Pillsbury Street in Concord, New Hampshire. The commercial mortgage transaction was structured with a 7-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank “We were pleased to be able to continue a relationship that goes back over 15 years with the borrower,” said Chase. “Many of our capital sources recognized the quality of the real estate and the ownership, and we were successful placing the transaction with a regional bank who met the borrower’s requirements for a cash-out refinancing with a long-term fixed rate and a flexible prepayment penalty.”
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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.
