Newly constructed Central Station in Evanston, Illinois receives $24 million refinancing from NorthMarq Capital
Central Station
CHICAGO (January 7, 2015) – Sue Blumberg, senior vice president/managing director of NorthMarq Capital’s Chicago based regional office secured permanent financing of $24 million for Central Station, a newly constructed LEED Certified multifamily property located at 1720 Central Street in Evanston, Illinois. The property, completed in 2013, contains 81-units. The transaction was structured with a 7-year term with 2-years interest only, and a 30-year amortization schedule. NorthMarq arranged financing for the borrower, an entity related to RMK Management, through its Seller/Servicer relationship with Freddie Mac. “This is the first new property built in Evanston’s North end, close to Metra, shopping/retail and Ryan Field of Northwestern University,” said Blumberg. “The property provides superior amenities and indoor parking.”
Meet our team
About Northmarq
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.
