6A — December 11 - 23, 2015 — M id A tlantic
Real Estate Journal
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F inancial D igest
a n ch e s t e r , NH — Edward Riekstins , senior Riekstins & Chase secure financing NorthMarq’s Boston office arranges $3.89m in financing M
vice president, and Michael Chase , vice president of NorthMarq Capital ’s Boston based regional office secured the $3.89 million refinance of three multifamily apartment properties on Prospect St., Myrtle St. and Elm St. The combined properties total over 60 units in Manchester, New Hampshire. NorthMarq ar- ranged the commercial mort- gage financing for the bor- rower through its relationship with a local bank. “The quality assets, prime location and experienced spon- sorship were keys to this successful transaction,” said
WBC Estates
the borrower, while still pro- viding a flexible prepayment structure.” n
Chase. “The lender was able to offer the long-term fixed rate financing requested by
Recently Closed Loans
Rockville, MD and Philadelphia, PA — Greystone, a real estate lend- ing, investment and advisory company, announced that Jay Kirsch has joined Greystone as a managing director. In this role, Kirsch will focus on production of small balance loans across the Freddie Mac and Fannie Mae platforms. He reports to Rick Wolf, Senior Managing Director and head of production for Greystone’s small loan operations, and will Kirsch joins Greystone fromFreddie Mac Multifamily be co-based in Rockville, MD and Philadelphia, PA. Kirsch joins Greystone from Freddie Mac Multifamily, where he most recently served as Asset Management & Op- erations Client Relationship Manager for the Small Balance Loan Program. During his more than seven years at Freddie Mac, Mr. Kirsch also held roles in Underwriting, Production, and retained and securitized portfolio Surveillance. A na- tive of Toronto, Canada, Kirsch earned a Bachelor’s degree in Management from American University in Washington, DC. “Jay’s expertise and industry knowledge in the small balance loan arena will be invaluable to Greystone as we continue to grow this platform,” said Wolf. “As we head toward record- breaking production of small loans this year, we are con- tinually looking to optimize our position as the go-to lender, and Jay will certainly help solidify that pursuit.” n OPPORTUNITY Promote Your Company • Brokered Transactions • New Services/Products • Projects Completed or Underway • Expert Articles • Appointments, Promotions, & Honors • Events • Mergers & Acquisitions • Financing Deals The Mid Atlantic Real Estate Journal welcomes all editorial dealingwith the commercial/ office properties spotlight. e-mail: bholyoke@marejournal.com * SEND NEWS RELEASES AND PHOTOS *
$5,125,000
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Shopping Center Refinance Age-Restricted (55+) Construction Loan
Cash Out Office Refinance
Lansdale, PA Warminster, PA Sharon Hill, PA 75% LTV, 10/27.5, 4.74%, Non-Recourse 75% LTV, 85% LTC, LIBOR + 275 bps 75% LTV, 10/30, 4.78%, Non-Recourse
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