NorthMarq’s Phoenix office arranges acquisition financing of Airview Mobile Home Park in Milan, Illinois
Airview MHP
PHOENIX, ARIZONA (January 7, 2021) – Alex Quenzler, vice president of NorthMarq’s Phoenix office secured acquisition financing for Airview Mobile Home Park. The 80-space property is located in Milan, Illinois. NorthMarq arranged financing for the borrower through its relationship with a regional bank. The permanent-fixed loan was structured with a 5-year term on a 25-year amortization schedule and featured a 70 percent LTV.
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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.
