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NorthMarq Capital Arranges $30M Construction Loan For Tidewater At Salisbury

Jan 16, 2014 | Reprints | Unlock Link | Print

NorthMarq Capital’s Boston regional office has arranged $30 million in permanent financing for a construction loan for Tidewater at Salisbury.

Tidewater at Salisbury is a 222,519-square-foot affordable housing complex at 191 Beach Road in Salisbury.

Financing was structured with a construction period of up to 36 months with a 10-year term following the conversion date and 30-year amortization. NorthMarq facilitated financing for the borrower through its relationship with a national bank.

Commercial & Industrial