Chelmsford, Mass. – The transaction was structured with a 10-year term and a 25-year amortization schedule.
NorthMarq Capital secured a $17 million loan for refinancing of the Chelmsford Mall, located 30 miles northwest of Boston.Chelmsford, Mass. – NorthMarq Capital has secured a $17 million loan for refinancing of the 223,977-square-foot Chelmsford Mall, located 30 miles northwest of Boston. John Sullivan, senior vice president of NorthMarq’s Boston office, secured the loan, The transaction was structured with a 10-year term and a 25-year amortization schedule. Major tenants of the center include Kohl’s, Gym World, PetSmart and Staples. The refinancing will also provide additional capital for future improvements to the center.
— Scott Reid