Northmarq’s Chicago office negotiates $6 million refinance of 650 Grand Industrial Park in Elmhurst, Illinois

650 Grand Industrial Park
44595393-d2bf-441a-b027-c5912397cb2b.jpg

CHICAGO, ILLINOIS (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. 

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

Image
NM Web Icon News Black

Stay on top of industry research