NorthMarq Capital's Boston office arranged $2.225 million mortgage for 1675-1685 Holmes Road in Elgin, IL
1675-1685 Holmes Road
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
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
