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NorthMarq Capital Arranges $34.4M Refinance For Parkside Commons Apartments

Jun 11, 2014 | Reprints | Unlock Link | Print

Parkside Commons NorthMarq Capital’s Boston-based regional office has secured $34.4 million in refinancing for a multifamily building in Chelsea.

Parkside Commons Apartments is a 238-unit property located at 100 Stockton St. It is owned by John M. Corcoran & Co. and Guardian Life Insurance Co. and managed by Corcoran Management Co. Inc. The transaction was structured with a seven-year term with five years of interest.

James Murphy, managing director of NorthMarq Capital’s Boston-based office, secured the financing.

Commercial