NorthMarq’s Chicago office arranges $4.5 million refinance of an industrial property in Des Plaines, Illinois
Industrial Property
CHICAGO, ILLINOIS (March 5, 2020) – Erik Kunz, vice president of NorthMarq’s Chicago office negotiated the $4.5 million refinance of an industrial property located in Des Plaines, Illinois. The building contains 214,664 sq. ft. The transaction was structured with a 10-year term on a 20-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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.
