Mixed Use - Debt

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.

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.