NorthMarq’s Kansas City office completes refinance of Chatham Hills Apartments in Springfield, Illinois
Greg Duvall, senior vice president/managing director and Brian Michaelsen, vice president/senior investment analyst in NorthMarq’s Kansas City office arranged refinancing for Chatham Hills Apartments. The 322-unit multifamily property is located at 9 Candlelight Dr in Springfield, Illinois. NorthMarq arranged financing for the borrower through its in-house Freddie Mac team. The permanent-fixed loan was structured with a 10-year term with 5-years of interest-only payments followed by a 30-year amortization schedule.
“This was a refinance of an existing Freddie Mac ARM loan,” said Duvall.
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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.
