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NorthMarq Arranges $5M Mortgage Refinancing For Boston’s Beebe Building

Aug 13, 2013 | Reprints | Unlock Link | Print

NorthMarq has arranged first mortgage refinancing of $5 million for The Beebe Building in Boston.

Joseph Hegenbart, senior vice president and managing director of NorthMarq’s Boston regional office, arranged the mortgage for the property.

The Beebe Building, located at 129 South St., is a 41,165-square-foot, multi-tenant office building with ground floor retail. Les Zygomates Restaurant is a major tenant at the site.

Financing was based on a 10-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a correspondent life company lender.

Commercial & Industrial