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Boston & New England  + Finance  |  September 2, 2020
David Cohen
By: David Cohen

NorthMarq Secures $11M Refinancing for Hyannis House Apartments

NorthMarq has secured a $10.5 million loan to refinance Hyannis House Apartments, a 111-unit multifamily property in Hyannis, MASS. Jeffrey Munoz of NorthMarq’s Boston office secured the financing on behalf of the undisclosed borrower through Freddie Mac.

Located at 290 West Main St. in Hyannis, the property is located nearby the Hyannis Port Beach, Cape Cod Mall and Barnstable Municipal Airport. Additionally, commuters can reach Boston in under ninety minutes via the Sagamore Bridge just a short drive away.

“The borrower was excited to execute their first refinance with Freddie Mac, who were able to lock a rate of 3.02 percent during this difficult environment demonstrating their purpose of providing liquidity in the housing market,” said Munoz. “This loan represents Freddie Mac’s first loan in the Cape Cod market.”

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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