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Property Name: Timberland Headquarters
Location: Stratham, New Hampshire
Property Type: Office
Transaction Type: Refinance
Loan Amount: $14,500,000
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Q10 Member: Q10 | New England Realty Resources, LLC
Details: Q10|NERR represented the Borrower in securing a permanent loan for an office property located in southern New Hampshire. The lender recognized the superior quality of the property and tenancy along with the borrower’s extensive knowledge of real estate development and management. The loan proceeds allowed the Borrower to refinance their existing debt while also providing available draws for additional tenant fit up. The loan was structured with a 12 year fixed rate term amortized over 25 years along with a prepayment structure of less than 1% of the outstanding balance.
More Info: Contact John A. Sullivan at 617-728-9527.
Q10 Member: Q10 | New England Realty Resources, LLC
Details: Q10|NERR was able to assist the Borrower in refinancing their property on a long-term fixed rate basis. The lender was able to provide the Borrower with a flexible prepayment structure, and allowed the Borrower to recapture significant trapped equity above the previous loan balance.
More Info: Contact Edward J. Riekstins at 617-728-9538.
Q10 Member: Q10 | New England Realty Resources, LLC
Details: Q10|NERR was able to assist a client with the refinance of a mobile home park. The loan was placed with local bank who recognized the strength of the sponsorship and was able to provide a limited recourse loan with no prepayment penalty.
More Info: Contact James M. Murphy, CMB, CRI at 617-728-9522.