Holyoke, MA Matt Marshall, vice president of NorthMarq Capital’s Boston office arranged the $4.725 million refinance of a multifamily/mixed-use portfolio consisting of 11 total properties (six located in Holyoke and five in Springfield, Mass.). The local owner, Atlas Property Management, is a premier full-service operator and third party manager of apartment buildings in the Holyoke and Springfield markets and works closely with local housing agencies to maintain best in class living conditions in several of its properties.
NorthMarq arranged financing for the borrower through its relationship with a leading regional bank. “It was a pleasure to work with both sides of the transaction to structure a mutually beneficial portfolio financing,” said Marshall. “The owner brought significant insight and hands on experience to the transaction. Management’s history and local presence were key components of the deal and the bank was able to offer a tailored long-term solution.”
NorthMarq Capital, the largest privately held commercial real estate financial intermediary 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 $13 billion in annual production volume and a loan portfolio of more than $45 billion.