NorthMarq Capital arranged $23.85 million mortgage for Greenleaf Apartments in Bollingbrook, Illinois
Greenleaf Apts
CHICAGO (May 22, 2013) – Sue Blumberg, senior vice president and managing director of NorthMarq’s Chicago regional office, arranged first mortgage refinancing of $23.85 million for Greenleaf Apartments, a 321-unit, affordable housing community for seniors located at 502 Kildeer Drive in Bollingbrook, Illinois. Financing was based on a 19.33-year fully amortizing loan for borrower requested terms. NorthMarq arranged this financing for the borrower, Greenleaf Limited Partnership, through its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS Lender. “This is a picture perfect property that has an age restricted Seniors Section 8 contract,” Blumberg said. “The property has always been 100% occupied and has a waiting list several years long.”
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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.
