NorthMarq Capital’s Chicago office’s arranges $6.35 million refinance of Portscape Apartments in Sheboygan, Wisconsin
Portscape Apts
CHICAGO (February 12, 2018) – Jeff Frankel, senior vice president/senior director of NorthMarq Capital’s Chicago regional office, secured the $6.35 million refinance of Portscape Apartments, a 52-unit multifamily property located in Sheboygan, Wisconsin. The transaction was structured with a 12-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae Platform. “The NorthMarq Capital Fannie Mae team, an approved DUS lender, did a great job picking this deal up after the borrower had a false start with another lender,” explained Frankel. “The application was signed, loan approved and closed within 45 days of the application execution.”
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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.
