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NorthMarq Capital Negotiates $20.5M Loan For Littleton Development

Sep 17, 2014 | Reprints | Unlock Link | Print

NorthMarq Capital’s Boston based office has secured a $20.5 million construction/permanent loan for Village Green Development in Littleton.

Village Green Development a 146,791-square-foot, class A multifamily property located at 15 Great Road. The commercial mortgage transaction was structured with a 10-year term and 30-year amortization schedule.

"We were pleased we could accommodate the borrower requirements for sourcing a competitive construction/permanent loan for a new class "A" multifamily project in an underserved market," Ed Riekstins, senior vice president of NorthMarq Capital’s Boston office, said in a statement.

Commercial