139
DOUGLAS AND WHITINSVILLE, MASS. — NorthMarq Capital has finalized $2.3 million in refinancing for a portfolio of multifamily properties. The firm secured a $1 million in refinancing for four properties in Douglas: 347, 349, 353 and 355 Main Street. Additionally, NorthMarq arranged $1.3 million in refinancing for three properties in Whitinsville: 258-260 Church Street, 87 East Street and 87.5 East Street. The seven-property portfolio features 41 apartment units. The transaction was structured with a 10-year term on a 30-year amortization schedule. Ed Riekstins of NorthMarq arranged the financing through its seller/servicer relationship with Freddie Mac for the undisclosed borrower.