NorthMarq Capital arranges $20.5 million construction/permanent financing for Village Green Development in Littleton, Massachusetts
Village Green Development
BOSTON (August 27, 2014) – Ed Riekstins, Senior Vice President of NorthMarq Capital’s Boston based office secured a $20.5 million construction/permanent loan for Village Green Development, a 146,791 square foot class “A” multifamily property located at 15 Great Road in Littleton, Massachusetts. The commercial mortgage transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a national bank. “We were pleased we could accommodate the borrower requirements for sourcing a competitive construction/permanent loan for a new class “A” multifamily project in an underserved market,” said Riekstins.
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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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
