NorthMarq’s Chicago office arranges refinancing of $1.6 million for industrial property in Lombard, Illinois
CHICAGO, ILLINOIS (November 11, 2020) – Erik Kunz, vice president of NorthMarq’s Chicago office, secured the $1.6 million refinancing for a multi-tenant industrial property in Lombard, Illinois. The property contains a total of 43,500 sq. ft. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
