Northmarq arranges refinancing of $17 million for Shagbark Apartments in Kenosha, Wisconsin
Shagbark Apts
CHICAGO (September 30, 2021) – Sue Blumberg, senior vice president/managing director of Northmarq’s Chicago office, arranged the $17 million refinance of Shagbark apartments. The 460-unit multifamily property is located in Kenosha, Wisconsin. The permanent-fixed rate loan was arranged for the borrower through Northmarq’s in-house Fannie Mae DUS financing team.
“We have refinanced this property four times for this loyal borrower and have taken advantage of historically low interest rates. The property is positioned to thrive for the long-term since the borrower continues to upgrade the property while achieving maximum occupancy. Management creates a very desirable community for the residents,” said Blumberg.
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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.
