NorthMarq’s Chicago office arranges acquisition financing of $6.9 million for Jewel Food Store in Barrington, Illinois
CHICAGO, ILLINOIS (January 22, 2019) – Erik Kunz, vice president of NorthMarq’s Chicago regional office secured acquisition financing of $6.9 million for Jewel Food Store, a single-tenant retail property consisting of 59,600 sq. ft. and located in Barrington, Illinois. The permanent-fixed loan was structured with a 20-year fully amortizing term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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.
