July 10, 2013

NorthMarq Capital arranged $5.175 million mortgage for Oshkosh Center II in Oshkosh, Wisconsin

Oshkosh Center II

Debt & Equity

Multi-Tenant

CHICAGO (July 10, 2013) – Jeff Frankel, senior vice president and senior director of NorthMarq’s Chicago regional office, arranged first mortgage refinancing of $5.175 million for Oshkosh Center II, a 107,456 sq. ft. retail property located in Oshkosh, Wisconsin. Mayor tenants at the site are Pick ‘n Save and Office Max. Financing was based on a 10-year term and a 25-year amortization schedule and was arranged for the borrower, a Chicago based limited liability company, by NorthMarq through its relationship with a correspondent life company lender. “The borrower chose to refinance this loan with their existing lender approximately 5 years prior to the loan maturity,” Frankel said. “They took advantage of a structured, fixed prepayment penalty and were able to lower their interest rate by over 2%, while adding on an additional 5 years to the loan maturity.”

Available Retail (MT) properties

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.