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