NorthMarq Capital’s Boston office arranges $9.45 million refinancing of Madbury Road and Jenkins Court in Durham, New Hampshire

UNH Student Housing
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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.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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