NorthMarq Capital’s Boston office completes $1.05 million refinance of Manchester apartment portfolio
Manchester Apt Portfolio
BOSTON (May 5, 2016) – Michael Chase, vice president, and Ed Riekstins, senior vice president of NorthMarq Capital’s Boston-based regional office, arranged the $1.05 million refinance of a Manchester apartment portfolio. The three multifamily properties located on Chestnut Street, Orange Street and Brook Street in Manchester, New Hampshire totaled 28-units. NorthMarq arranged the commercial mortgage financing for the borrower through its relationship with a regional bank. “As they say, referrals are the kindest form of flattery,” said Chase. “Our recent successes in the Manchester market led us to this client. We were able to present several options for short-term and long-term fixed-rate financing which allowed the client to choose the rate, term and prepayment structure that suited him best.”
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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.
