Northmarq Brokers Arrange $15.2M Permanent-Fixed Loan For Retail & Industrial Portfolio In Bangor, Scarborough & South Portland, ME

A retail and industrial portfolio located in Bangor, Scarborough, and South Portland, ME has recently undergone a closed loan transaction. The loan, totaling $15,200,000, was secured for this property asset. The portfolio consists of retail and industrial properties in these three markets.

Summary of transaction details

• Property Type: Retail & Industrial
• Transaction Amount: $15,200,000
• Loan Type: Permanent-fixed loan
• Loan Terms: 10-year term on a 25-year amortization schedule with a fixed-rate in the low-3's
• Brokers: Ed Riekstins & Daniel Karp - Northmarq

Ed Riekstins and Daniel Karp of Northmarq acted as the brokers for this loan transaction. They facilitated the securing of the permanent-fixed loan with a 10-year term and a 25-year amortization schedule. The loan is characterized by a fixed-rate in the low-3's. This transaction highlights the involvement of these brokers in the financial aspect of the deal.