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

CHICAGO (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.