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NorthMarq Capital Negotiates $5M Refinance Of Brookline Apartment Buildings

Oct 10, 2014 | Reprints | Unlock Link | Print

Beacon-Fairbanks Apartments NorthMarq Capital’s Boston-based office has arranged a $5 million refinance of two multifamily properties in Brookline.

The Beacon-Fairbanks Apartments consist of 29 units and are located at 1555 Beacon St. and 20-24 Fairbanks St.

NorthMarq Assistant Vice President Michael Chase arranged the commercial mortgage financing for the borrower through its correspondent relationship with Lincoln National Life Insurance.

"The Boston-area multifamily market is white hot. When you combine a prime location like Brookline with strong sponsorship and quality real estate, it’s no wonder the competition for this deal was so fierce – even for a sub-$10 million transaction," Chase said in a statement.

Commercial