NorthMarq Capital’s Boston office finalized $3.675 million acquisition of retail center in Saugus, Massachusetts
Retail Center
BOSTON (July 26, 2017) Mark Whelan, vice president of NorthMarq Capital’s Boston regional office, arranged refinancing of $3,675,000 for a 11,500 sq. ft. retail center located in Saugus, Massachusetts. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. The center is anchored by Mattress Firm, FedEx and ForEyes (GrandVision). “We were happy to secure a ten-year fixed-rate loan under a non-recourse structure for this first-time investment property buyer,” said Whelan.
About Northmarq
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.
