January 14, 2013

NorthMarq Capital arranged $29.25 million mortgage for Regency Place in Oakbrook Terrace, Illinois

Regency Place

Debt & Equity

Multi-Tenant

CHICAGO (January 14, 2013) – Sue Blumberg, senior vice president and managing director of NorthMarq’s Chicago Regional office, arranged first mortgage refinancing of $29.25 million for Regency Place, a 112-unit market-rate multifamily property located at 2003 S. Meyer Road in Oakbrook Terrace, Illinois. There are also 3 commercial tenants located at the site. Financing was based on a 7-year term with the first 2 years interest only and then a 30-year amortization schedule. The rate was well below 3.5% fixed rate. NorthMarq arranged this financing for the borrower, Regency Place Owner, LLC, through its seller-servicer relationship with Freddie Mac. “The borrower is a well-established, longtime repeat Freddie Mac borrower,” said Blumberg. “They were able to maximize the term of the loan to fit their investment requirements.”

Available Multifamily properties

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.