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