Northmarq’s Debt + Equity team secures $1.855M bridge financing for Maine apartment community
Westbrook Residences
Northmarq’s Boston Debt + Equity team led by Kevin Sykes, Ed Riekstins and Jeffrey Munoz successfully secured the $1.855 million bridge financing for the acquisition of Westbrook Residences.
Northmarq arranged the financing on behalf of their borrower, Quaker Lane Associates LLC, through a debt fund. The transaction was structured on a one-year term.
Located in Westbrook, Maine, the mid-rise apartment community will feature 110 units.
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About Northmarq
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.
