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Boston & New England  + Metro Boston  + Finance  |  August 10, 2020
David Cohen
By: David Cohen

NorthMarq Secures $6M Refinancing for Lowell MF Property

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.

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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