NorthMarq Capital’s Boston office arranges $25 Million refinance of Westland Avenue Apartments in Boston, Massachusetts

Westland Avenue Apts
BOSTON (May 4, 2015) – Michael Chase, vice president of NorthMarq Capital’s Boston based regional office arranged the $25 million refinance of Westland Avenue Apartments, three multifamily properties totaling 101 units located in the Fenway Neighborhood of Boston, Massachusetts. The commercial mortgage transaction featured a competitive rate and a flexible prepayment structure. NorthMarq arranged financing for the borrower through its correspondent relationship Guardian Life Insurance Company of America. “This is a class “A” location—quality real estate and strong sponsorship,” noted Chase. “What more could you ask for? It was no wonder this deal was as well received as it was by out stable of lenders and Guardian was able to step to the forefront by being able to offer non-recourse financing at a competitive rate along with a flexible prepayment structure.”

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit

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