Hayward Street - Manchester, NHManchester, NH Michael Chase, vice president, and Ed Riekstins, senior vice president of NorthMarq Capital’s Boston-based regional office, arranged the $2.38 million refinance of an apartment building. The 36-unit multifamily property is located on Hayward St. The long-term, fixed rate financing included a flexible prepayment and a competitive rate.
“This transaction marks the fifth closing for NorthMarq in the city of Manchester over the last 12 months, and the second transaction with this borrowing relationship,” said Chase.
“We were pleased to provide our client with a long-term fixed rate while maintaining prepayment flexibility going forward,” said Riekstins.
NorthMarq Capital 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.