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NorthMarq Capital Finalizes $2.5M Refi Of N.H. Office Building

Sep 23, 2014 | Reprints | Unlock Link | Print

NorthMarq Capital’s Boston-based regional office secured a $2.45 million refinance of an office property in Concord, N.H.

The 27,253-square-foot building is located at One Pillsbury St. The commercial mortgage transaction was structured with a seven-year term and 25-year amortization schedule.

Michael Chase, assistant vice president, secured the financing.

"We were pleased to be able to continue a relationship that goes back over 15 years with the borrower," Chase said in a statement. "Many of our capital sources recognized the quality of the real estate and the ownership, and we were successful placing the transaction with a regional bank who met the borrower’s requirements for a cash-out refinancing with a long-term fixed rate and a flexible prepayment penalty."

Commercial