June 11, 2015

NorthMarq Capital secures $19.44 million refinance of Twin Towers Apartments in Chicago, Illinois

Twin Towers Apts

Debt & Equity

Multi-Tenant

CHICAGO (June 11, 2015) – Sue Blumberg, senior vice president/managing director of NorthMarq Capital’s Chicago based regional office arranged the $19.44 million refinance of Twin Towers Apartments, two 22-story multifamily buildings with 253 units located in Chicago, Illinois. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae DUS platform. “Twin Towers continue to excel in the market, providing superior management and quality housing,” said Blumberg.

Available Multifamily 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.