NorthMarq Capital’s Boston office arranges $4,925,000 acquisition of an industrial building in Elgin, Illinois
Industrial Building
BOSTON (March 24, 2017) Michael Chase, senior vice president of NorthMarq Capital’s Boston regional office, arranged acquisition financing of $4,925,000 for a 180,000 sq. ft. industrial property located in Elgin, Illinois. The transaction was structured with full-term interest-only and a flexible prepayment structure. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. “NorthMarq Capital’s national platform once again proved key in meeting a client’s needs,” said Chase. “This was the lender’s third loan in as many different markets with this sponsor over the past twelve months.”
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