May 22, 2013

NorthMarq Capital arranged $23.85 million mortgage for Greenleaf Apartments in Bollingbrook, Illinois

Greenleaf Apts

Debt & Equity

Multi-Tenant

CHICAGO (May 22, 2013) – Sue Blumberg, senior vice president and managing director of NorthMarq’s Chicago regional office, arranged first mortgage refinancing of $23.85 million for Greenleaf Apartments, a 321-unit, affordable housing community for seniors located at 502 Kildeer Drive in Bollingbrook, Illinois. Financing was based on a 19.33-year fully amortizing loan for borrower requested terms. NorthMarq arranged this financing for the borrower, Greenleaf Limited Partnership, through its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS Lender. “This is a picture perfect property that has an age restricted Seniors Section 8 contract,” Blumberg said. “The property has always been 100% occupied and has a waiting list several years long.”

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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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