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