James Murphy, managing director of NorthMarq Capital's Boston-based regional office arranged an additional funding of $1.35 million for The Woodlands Club, a golf course located at 39 Woods Rd.
The transaction was structured with a 5-year term and 15-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life company.
"We appreciate the opportunity to continue our relationship with one of the top New England golf clubs and we were pleased that we were able to help them meet their capital needs," said Murphy.