Northmarq brokers $29 million sale of multifamily portfolio in Springfield, Illinois

Koke Mill Portfolio
Investment Sales - Multifamily
Debt & Equity
Multifamily
Debt
Sale
Permanent Loan - Fixed
Fannie Mae
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The St. Louis debt/equity team arranged $19,532,000 in acquisition financing for the property

ST. LOUIS, MISSOURI (June 28, 2022) – Parker Stewart, managing director – investment sales and Alex Malzone, senior associate - investment sales in Northmarq’s St. Louis office, completed the $29 million sale of Koke Mill Portfolio. The three-property portfolio consists of 308 total units. Northmarq represented both the buyer and seller in the transaction. 

The properties include:

• West Koke Mill Village - 2400 Boysenberry Ln, Springfield, Illinois; 144 Units
• Boysenberry Village - 2312 Boysenberry Ln, Springfield, Illinois; 80 Units 
• Smythberry Village - 3331 Smythberry Ln, Springfield, Illinois; 84 Units

David Garfinkel, senior vice president/managing director of Northmarq’s St. Louis debt/equity office, arranged acquisition financing of $19.532 million for portfolio. Northmarq secured financing for the borrower through its in-house Fannie Mae team. 

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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.
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