NorthMarq’s Jeff Frankel arranges acquisition financing of $5.625 million for mixed use property in Chicago, Illinois
CHICAGO, ILLINOIS (July 10, 2019) – Jeff Frankel, senior vice president/senior director of NorthMarq’s Chicago-based regional office arranged acquisition financing of $5.625 million for 607 West Oakdale, a mixed use property featuring 18 units plus street-level commercial space. The transaction was structured with a 7-year term with 2-years interest only on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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.
