Multifamily - Debt

NorthMarq’s Phoenix office arranges acquisition financing of Airview Mobile Home Park in Milan, Illinois

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.  

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.