June 26, 2013

NorthMarq Capital's Boston office arranged $2.225 million mortgage for 1675-1685 Holmes Road in Elgin, IL

1675-1685 Holmes Road

Debt & Equity

Multi-Tenant

BOSTON (June 26, 2013) – James M. Murphy, managing director of NorthMarq’s Boston regional office, and Jeff Cherner, senior director of NorthMarq’s Chicago regional office, cooperated to arrange acquisition financing of $2.225 million for 1675-1685 Holmes Road, a 101,286 sq. ft. industrial building located in Elgin, Illinois. Financing was based on a 7-year term with interest only for the first 3 years and a 30-year amortization schedule thereafter. NorthMarq arranged this financing for the borrower, High Street Equity, through its relationship with a correspondent life company lender. “NorthMarq’s national reach and local expertise were clearly on display with the regional offices in Boston and Chicago working together to provide the client the best capital available for their transaction,” Murphy said

Available Industrial 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.