News: Financial Digest

NorthMarq secures $ 1.7 milllion financing for North Country Plaza

NorthMarq's Boston regional office, arranged permanent mortgage financing of $1.7 million for North Country Plaza. The loan was arranged for the borrower, Windalier North Country Plaza, LLC, by NorthMarq through its relationship with People's United Bank. North Country Plaza is a retail strip center consisting of 20,700 s/f of space. Tenants include Panera Bread, Mattress Giant, Verizon and FedEx Office. The property is located on Rte. 12A, a major north-south artery through the region, just off of I-89 at exit 20. Rte. 12A is considered the retail hub of the region drawing consumers from the surrounding areas. NorthMarq, headquartered in Minneapolis, offers commercial real estate services for investors, developers, corporations and tenants. The company provides mortgage banking and commercial loan servicing in 32 offices coast-to-coast, with an average of $7 billion in annual production volume and services a loan portfolio of nearly $40 billion. NorthMarq manages more than 60 million sq. ft. of retail, industrial and office space in 22 markets around the country and handles more than 7,500 leasing, sales and mortgage banking transactions annually. For more information, please visit www.northmarq.com.
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Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank

Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
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