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NorthMarq Arranges $5.5M Agency Loan for Refinancing of Multifamily Asset in Lowell, Massachusetts

Mill-Falls-Apartments-Lowell

Mill Falls Apartments in Lowell totals 72 units.

LOWELL, MASS. — NorthMarq has arranged a $5.5 million Freddie Mac loan for the refinancing of Mill Falls Apartments, a 72-unit multifamily asset in Lowell, located north of Boston near the Massachusetts-New Hampshire border. The property features one- and two-bedroom units. Robert Ranieri of NorthMarq arranged the 10-year loan, which carried a fixed interest rate and a 30-year amortization schedule, on behalf of the undisclosed borrower.

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