News Release 2/ 9/ 2021

Brett Hood promoted to managing director in NorthMarq’s Chicago office

CHICAGO, ILLINOIS (February 9, 2021) — NorthMarq’s Chicago office announced the promotion of Brett Hood to managing director and Kevin McCarthy to senior vice president.

“Having Brett co-manage our Chicago office is a big step towards growing our office as we position ourselves for the future. Brett joined the company in 2017 and has been in our Million Dollar club and Producer’s Council consistently,” said Sue Blumberg, managing director in Chicago. “He knows the business and what it takes to build on what we have achieved together.”

In his new role, Hood will co-manage the Chicago office with Sue Blumberg, as well as continue the procurement of financing via the company’s unmatched lending sources for Chicago-area and national clients. Hood joined the company in January 2017 as senior vice president. He arrived at NorthMarq with more than 15 years of experience in CRE, including direct origination of $8 billion in loan volume. During his time with NorthMarq, he has originated more than $500 million in financing, leveraging the company’s relationships with Fannie Mae, Freddie Mac, FHA, life company correspondents, commercial banks/credit unions, and CMBS lenders.

Notable Transactions Include:

  • Monitor A7 Refi Portfolio – $89,100,000; five properties totaling 1,071 units, various locations; FHA
  • Rivershire & Riverwood Apartments – $38,600,000; 432 units; Greenfield, WI; Freddie Mac
  • Sioux Falls Acquisition Portfolio – $35,200,000; seven properties totaling 525 units; Sioux Falls, SD; Freddie Mac
  • Grand Forks Acquisition Portfolio – $33,400,000; five properties totaling 690 units; Grand Forks, ND; Freddie Mac
  • Rancho Mirage – $30,700,000; 310 units; Irving, TX; Freddie Mac

McCarthy joined NorthMarq’s Chicago office in 2014 as senior analyst and arranged over $500 million of financing in his role. He was promoted to production in 2017 as vice president and has originated more than $300 million in financing including office, industrial, multifamily and affordable housing properties, utilizing agency, life company, bridge, CMBS, and bank lending sources. In his new role as senior vice president, he will continue to provide financing solutions for regional and national clients through NorthMarq’s lending platforms, and work to grow the breadth of the Chicago office. Prior to joining NorthMarq, McCarthy worked for six years at Bank of America and US Bank working in CRE/CLO securitization.

Notable Transactions Include:

  • Reside on Surf & Reside on Morse – $30,400,000; 255 units; Chicago, IL; Fannie Mae
  • 1 Overlook Point – $9,000,000; 210,00k+ sq. ft. office; Lincolnshire, IL; Life Company
  • The Park Tower – $16,300,000; 134 units (affordable/elderly); Joliet, IL; FHA
  • Brookhaven Apartments – $21,500,000; 181 units; Gurnee, IL; Freddie Mac