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Methuen Retail Building Finalizes $1.3M Financing

Jan 6, 2015 | Reprints | Unlock Link | Print

Methuen Retail Property NorthMarq Capital’s Boston regional office has secured $1.35 million in financing for a retail property in Methuen.

The 6,216-square-foot building is located at 194 Haverhill St., immediately off of I-95 as an out parcel of the Market Basket anchored Merrimac Plaza, according to a press release. Tenants include Bank of America and a UPS store.

NorthMarq’s James M. Murphy, managing director, arranged the financing for the borrower through with a regional bank. The long-term non-recourse commercial mortgage transaction was structured with a 10-year term and 25-year amortization schedule.

Commercial