June 15, 2015

NorthMarq Capital completes $10 million refinance of Beech Pointe Apartments in Schaumburg, Illinois

Beech Pointe Apts

Debt & Equity

Multi-Tenant

CHICAGO (June 15, 2015) – Sue Blumberg, senior vice president/managing director of NorthMarq Capital’s Chicago based regional office arranged the $10 million refinance of Beech Pointe Apartments, a 192 unit multifamily property located in Schaumburg, Illinois. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller-servicer relationship with Freddie Mac. “Beech Pointe has enjoyed great market growth, providing a terrific place for people to live,” noted Blumberg.

Available Multifamily properties

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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.