Northmarq’s Chicago office completes acquisition financing for The Martha Washington in Chicago, Illinois
Affordable Seniors Community
CHICAGO, ILLINOIS (March 25, 2022) – Sue Blumberg, senior vice president/managing director and Kevin McCarthy, senior vice president of Northmarq’s Chicago office, collaborated to arrange acquisition financing of The Martha Washington. The 104-unit affordable senior housing property is located in Chicago, Illinois.
The transaction was structured with an FHA 223(f) fully amortizing 35-year term loan. Northmarq arranged the permanent-fixed loan for the borrower through its in-house FHA/HUD team.
The Martha Washington is an affordable housing community for seniors located in the North Center neighborhood. The property is extremely well maintained and provides wonderful living experiences for the residents.
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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.
