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