Multifamily - Debt

NorthMarq Capital arranged $5.25 million mortgage for Cranberry Apartments in Kenosha, Wisconsin

MILWAUKEE (February 4, 2013) – David Woida, vice president and managing director of NorthMarq’s Milwaukee Regional office, arranged first mortgage refinancing of $5.25 million for Cranberry Apartments, a 128-unit, market-rate multifamily property located in Kenosha, Wisconsin. Financing was based on a 30-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its affiliate AmeriSphere Mortgage Finance, LLC, a FHA Mortgage Lender. “We were able to seamlessly guide our client through the FHA program challenges to a successful closing,” said Woida. “At the end of the day, he was extremely pleased with the terms and rate.”

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.