Multifamily - Debt

NorthMarq Capital secures $54.7 million refinance of two class “A” multifamily properties in Chicago, Illinois

CHICAGO (November 1, 2016) – Robert F. Toland, vice president of NorthMarq Capital’s Chicago-based regional office, arranged refinancing totaling $54.7 million for two West Loop multifamily properties located in Chicago, Illinois. The two class “A” buildings contain a combined 165 units. NorthMarq arranged financing for the borrower through its Fannie Mae DUS program.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.