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Last Updated ( Friday, 23 May 2014 15:37 )
DATE_FORMAT_LC2=Friday,May 23 2014 12:00:00 am EDT   
NorthMarq Secures $17 Million for Refinancing of Massachusetts Shopping Center

Chelmsord-Mall webNorthMarq Capital secured a $17 million loan for refinancing of the Chelmsford Mall, located 30 miles northwest of Boston.Chelmsford, Mass. – NorthMarq Capital has secured a $17 million loan for refinancing of the 223,977-square-foot Chelmsford Mall, located 30 miles northwest of Boston. John Sullivan, senior vice president of NorthMarq's Boston office, secured the loan, The transaction was structured with a 10-year term and a 25-year amortization schedule. Major tenants of the center include Kohl's, Gym World, PetSmart and Staples. The refinancing will also provide additional capital for future improvements to the center.

Scott Reid

 

 

 

 

 

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