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 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.
