Medical Office - Debt

Arranges $6.6 million mortgage for 1020 Ogden Avenue in Naperville, Ill.

CHICAGO (October 10, 2013) – Erik Kunz, vice president of NorthMarq’s Chicago regional office, arranged first mortgage refinancing of $6.6 million for 1020 Ogden Avenue in Naperville, Ill. A large portion of the 55,000 sq. ft. medical office building is under a long term lease with a major medical group in Chicago. Financing was based on a 12-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a correspondent life company lender. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.