Northmarq’s Chicago office arranges $101.6 million in refinancing for two multifamily properties

Versailles at Oakbrook
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CHICAGO, ILLINOIS (December 1, 2021) – Sue Blumberg, Senior Vice President/Managing Director of Northmarq’s Chicago office, refinanced Versailles at Oakbrook in two phases, for $101.6 million. The two phases comprise thirteen buildings and 688 units. The multifamily property is located off of Butterfield Road, in Oakbrook Terrace, Illinois. Northmarq arranged the permanent-fixed rate loan for the borrower through its Optigo status as a Freddie Mac lender. 

The property is located 25 minutes west of Chicago and is near many cultural, retail, residential, commercial and transportation centers.  The property offers luxury units and a superior amenities package including a resort style pool, 24-hour fitness center, theater, cybercafé, executive business center, and underground heated parking. Units offer wooded, lake and pool views, in-unit washer and dryer, and renovated gourmet kitchens with stainless steel appliances.

 

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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