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.”

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.