NorthMarq Capital’s Boston regional office arranged $10.8 million in refinancing for Birchwood Hills Apartments in Shirley.
Birchwood Hills Apartments is a 68-unit multifamily property. The transaction was structured with a seven-year term and 25-year amortization schedule and was arranged for the borrower, Birchwood Hills Corp. by NorthMarq through its seller/servicer relationship with Freddie Mac.
Doug Nickerson, vice president of NorthMarq Capital’s Boston regional office, arranged the refinancing.