Multifamily
Debt & Equity

NorthMarq Capital’s Chicago office’s arranges $6.35 million refinance of Portscape Apartments in Sheboygan, Wisconsin

CHICAGO (February 12, 2018) – Jeff Frankel, senior vice president/senior director of NorthMarq Capital’s Chicago regional office, secured the $6.35 million refinance of Portscape Apartments, a 52-unit multifamily property located in Sheboygan, Wisconsin. The transaction was structured with a 12-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae Platform. “The NorthMarq Capital Fannie Mae team, an approved DUS lender, did a great job picking this deal up after the borrower had a false start with another lender,” explained Frankel. “The application was signed, loan approved and closed within 45 days of the application execution.”

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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Portscape Apts
Permanent Loan - Fixed
$6,350,000