NorthMarq Capital's Boston office arranges $1.3 million financing for Sunrise East Apartments in Derry, New Hampshire
Sunrise East Apts
BOSTON (June 23, 2014) – James M. Murphy, managing director of NorthMarq Capital’s Boston based regional office arranged financing of $1.3 million for Sunrise East Apartments, a 28-unit multifamily property located at 73 East Broadway, Derry, New Hampshire. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “We are pleased to able to continue an almost 20-year relationship with the borrower,” said Murphy. “The lender was able to provide an attractive rate while also meeting the borrower’s requirements for non-recourse financing and flexible prepayment. They also were able to make allowances for potential estate planning in the future.”
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.
