NORTHMARQ ARRANGES $5M LOAN FOR BEEBE BUILDING IN BOSTON

BOSTON — NorthMarq has arranged a $5 million first mortgage loan for the refinancing of The Beebe Building, a 41,165-square-foot office building in Boston. The multi-tenant office building includes ground-floor retail. Financing was based on a 10-year term and a 25-year amortization schedule. Joseph Hegenbart, senior vice president and managing director of NorthMarq arranged the financing for the borrower. A life insurance company provided the loan.