NorthMarq Capital arranged $4.9 million mortgage for 19-27 Jefferson Street in Naperville, Illinois
19-27 Jefferson Street
CHICAGO (April 24, 2013) – Erik Kunz, vice president of NorthMarq‘s Chicago regional office, arranged first mortgage refinancing of $4.9 million for 19-27 Jefferson Street. This asset contains 21,000 sq. ft. of storefront retail in Vintage Downtown Naperville between Jefferson & Washington Streets. Lululemon, Cold Stone Creamery and Jimmy Johns are major tenants at the site. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrower, Jefferson Retail LLC, by NorthMarq through its correspondent relationship with a CMBS lender. “This loan allowed a portion of the land in the rear of the buildings to be removed at some later point in time,” Kunz 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.
