Ed Riekstins, senior vice president of NorthMarq Capital's Boston regional office, secured a $1,327,500 refinance for a 30,000 s/f mixed-use property located at 1134 Hooksett Rd. The transaction was structured with a 25-year term and amortization and was arranged for the borrower by NorthMarq through its relationship with a local bank.
"We were delighted with the relationship and communication with the borrower and lender as well as the quality asset which were critical to the success of the deal," said Riekstins.
NorthMarq Capital, one of the largest privately held commercial real estate financial intermediaries in the U.S., provides mortgage banking and commercial loan servicing in 34 offices coast to coast. With more than $10 billion in annual production volume and servicing a loan portfolio of more than $42 billion, the company offers expertise to borrowers of all size. The company has a long track record of multi-family financing as a Freddie Mac Program Plus Seller-Servicer, and through its affiliation with Fannie Mae DUS lender AmeriSphere Multifamily Finance. In addition, NorthMarq has long loan production and loan servicing relationships with more than 50 life companies, many CMBS platforms and hundreds of local, regional and national banks.