NorthMarq Capital’s Boston office arranges $8 million refinance of 110-unit multifamily property in Manchester, New Hampshire
Multifamily Property
BOSTON (December 12, 2016) – Mark Whelan, vice president of NorthMarq Capital’s Boston-based regional office, arranged the $8 million refinance of a 110-unit multifamily property located in Manchester, New Hampshire. The transaction was structured to be co-terminus with Phase II financing. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “We were very happy to assist our long-term client with a modification of a previous loan to include this new phase of the development,” said Whelan.
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.
