Northmarq’s Chicago office negotiates $6 million refinance of 650 Grand Industrial Park in Elmhurst, Illinois
650 Grand Industrial Park
CHICAGO (September 30, 2021) – Erik Kunz, vice president of Northmarq’s Chicago office, arranged the $6 million refinancing of 650 Grand Industrial Park. The 142,995 sq. ft. industrial property is located in Elmhurst, Illinois. The transaction was structured with a 10-year term on a 20-year amortization schedule. Northmarq arranged the permanent fixed-rate loan for the borrower through its correspondent relationship with a life insurance company.
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.
