Multifamily
Debt & Equity

NorthMarq’s Minneapolis office arranges acquisition financing of $54 million for Savannah Trace in Schaumburg, Illinois

MINNEAPOLIS, MINNESOTA (March 5, 2019) – NorthMarq’s Minneapolis-based office arranged acquisition financing of $54 million for Savannah Trace, a 368-unit multifamily property located in Schaumburg, Illinois. The transaction was arranged by NorthMarq for the borrower through its relationship with Fannie Mae.

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.

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Savannah Trace
Permanent Loan - Fixed
$54,000,000