Michael Chase, NorthMarq CapitalNashua, NH Michael Chase, senior vice president of NorthMarq Capital’s Boston-based regional office, arranged the $1.79 million refinance of a 33,000 s/f office building. The long-term financing was arranged for the borrower through its relationship with a regional bank.
“The property is a two-story office building that had recently lost a major tenant,” said Chase. “By the time the property was re-leased only a short window remained prior to maturity of the existing debt. The strength and impeccable reputation of the sponsorship combined with a quality asset allowed us to find a lender willing to meet the borrower’s requirements and close in under thirty days.”
NorthMarq Capital, one of the largest privately held commercial real estate financial intermediaries in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks and has a long track record of multi-family loan origination through Freddie Mac Program Plus, the Fannie Mae DUS program and through FHA, resulting in more than $12 billion in annual production volume and a loan portfolio of more than $47 billion.