August 10, 2020
NorthMarq has secured a $5.5 million loan to refinance Mill Falls Apartments, a 72-unit multifamily property in Lowell.
Located north of Boston near the border between Massachusetts and New Hampshire, the property consists of one- and two-bedroom units.
Robert Ranieri of NorthMarq arranged the financing on behalf of the borrower, who was undisclosed. Freddie Mac provided the 10-year loan, which carried a fixed interest rate and a 30-year amortization schedule.
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