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.”
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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.
