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Boston & New England  + New England  + Finance  |  August 24, 2022
Northmarq has completed a $15.2-million permanent-fixed loan for a six-property retail and industrial portfolio in ME.
Lisa McDuffie
By: Lisa McDuffie

Northmarq Closes on $15M Perm Loan for Maine Retail, Industrial Portfolio

Northmarq has finalized the $15.2-million permanent-fixed loan for a six-property retail and industrial portfolio based in ME. The portfolio totals five retail properties and one industrial property in Bangor, Scarborough and South Portland.

Ed Riekstins and Daniel Karp of Northmarq’s Boston office structured the transaction with a 10-year term on a 25-year amortization schedule with a fixed-rate in the low-3’s. The permanent-fixed loan was arranged with a local bank.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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