Q10|NERR places $13.2 million in financing on freezer warehouse

James Murphy of Q10| New England Realty Resources has recently placed financing on property. Q10| represented the borrower in securing $13.2 million in permanent financing for a 165,000 s/f freezer warehouse facility located at 55 Murphy Dr. With significant rollover in the near-term, the financing was tailored to complement the owner's plans to sell or re-lease the space and provide the flexibility to extend the loan if needed. Terms such as interest only and flexible prepayment provisions were key to meeting the borrower's requirements.