Senior Housing - Debt

Northmarq’s Chicago office completes acquisition financing for The Martha Washington in Chicago, Illinois

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.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.