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Boston & New England  + New England  + Finance  |  September 18, 2019
David Cohen
By: David Cohen

NorthMarq Secures $7M Refinancing for Chicopee MF Community

NorthMarq secured a $7 million loan to refinance Montcalm Heights, a 192-unit multifamily community in Chicopee.

The property is located approximately 35 miles north of Hartford, and is comprised of two, four-story buildings with a mix of studio, one- and two-bedroom apartments. Amenities include a pool, laundry facilities, picnic area and tenant storage units.

Robert Ranieri of NorthMarq secured the financing for the undisclosed borrower through Freddie Mac. Terms included a fixed-rate loan on a 10-year term with 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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