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**Northmarq Completes $24M Sale and $17.7M Financing of The Meridian at Bedford**
Northmarq’s Multifamily Investment Sales team, led by Brett Curtis, Chris Doerr, Alix Curtin, and Chris Norton, in partnership with its Boston Debt + Equity team—Kevin Sykes, Jeffrey Munoz, and Ed Riekstins—has completed the $24.05 million sale and arranged $17.745 million in acquisition financing for The Meridian at Bedford. The 85-unit apartment community is located at 66 Hawthorne Avenue in Bedford, New Hampshire.
The Northmarq team represented the seller, a New Hampshire-based private investor, while the buyer was Arrowpoint Properties, LLC.
“Successfully bringing The Meridian at Bedford to a close at a record-breaking price per unit for sub-200-unit multifamily transactions in the area highlights both the strength of the asset and the momentum we’re currently seeing across New Hampshire,” said Brett Curtis. “The seller did a phenomenal job repositioning and renovating the property, which drove significant buyer interest and allowed us to achieve premium pricing. We expect demand for well-positioned multifamily properties in Southern New Hampshire to continue to grow, especially as rent control remains a possibility in Massachusetts.”
Northmarq’s Debt + Equity team arranged permanent fixed-rate financing for Arrowpoint through its in-house Fannie Mae DUS platform. The financing was structured on a five-year term.
The transaction underscores the continued demand in the Southern New Hampshire multifamily market.
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