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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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.
