NorthMarq Capital arranges $1.8 million for mixed use property
Debbie Orloff, senior vice president, of NorthMarq's Boston Regional office, has arranged permanent financing of $1.8 million for 9 Amelia Dr., a mixed use office, retail and apartment building.
The loan was arranged for the borrower by NorthMarq through its relationship with Countrywide Commercial Real Estate Finance.
9 Amelia Dr., a six unit mixed use building, is located off of Old South Rd., approximately 1 1/2 miles south of the center of town.
Easy airport and downtown access and convenient shopping add to location amenities of 9 Amelia Drive. It is managed and owned by 9 Amelia Dr. LLC, and is the main office for Chip Webster & Associates, a New England based architecture and development consultant firm specializing in sustainable design and development.
How many of you remember real estate development in the late 1980s? Project sourcing was difficult, until it wasn’t. Into the 90’s, a few years after, banks and other financial institutions were very happy to fund projects.
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