BOSTON (March 24, 2015) – Ed Riekstins, senior vice president and Matt Marshall, vice president of NorthMarq Capital’s Boston based regional office arranged the $9.45 million refinance of Madbury Road and Jenkins Court, a 13,293 sq.ft. student housing/retail property located at 9 Madbury Road and 6 Jenkins Court in Durham, New Hampshire on the University of New Hampshire . The transaction was structured with a 20-year term and 30-year amortization schedule. Northmarq arranged financing for the borrower through a Fannie Mae DUS lender.
“The borrower’s knowledge and experience with student housing as well as the well maintained property and its location were key to the success of the deal,” said Riekstins. “The lender was able to get the proceeds and the terms the borrower was looking for. We look forward to doing more deals with this borrower.”
