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