Methuen, Mass. – The multi-tenant retail strip mall was 100 percent leased at the time of the transaction.
The refinancing loan transaction for Mid-Town Mall was structured with a 20-year term and 20-year amortization schedule.Methuen, Mass. – NorthMarq Capital has secured a $1.8 million loan to refinance the Mid-Town Mall, a 14,632-square-foot retail property located in Methuen, Mass., a city in Essex County on the New Hampshire border. Ed Riekstins, senior vice president of NorthMarq’s Boston office, and Matt Marshall, vice president, arranged the loan. The transaction was structured with a 20-year term and 20-year amortization schedule. The multi-tenant retail strip mall was 100 percent leased at the time of the transaction, has been managed by the borrower since 1975 and was rebuilt by the borrower in 1983.
— Scott Reid