Multifamily - Debt

NorthMarq Capital arranged $6.1 million mortgage for Westchester Apartments in Kenosha, Wisconsin

CHICAGO (May 15, 2013) – Jeff Frankel, senior vice president and senior director of NorthMarq’s Chicago regional office, arranged first mortgage refinancing of $6.1 million for Westchester Apartments, a 168-unit, market-rate multifamily property located in Kenosha, Wisconsin. Financing was based on a 10-year term and a 25-year amortization schedule and was arranged for the borrower, Westchester Apartments, LLC, by NorthMarq through its relationship with a correspondent life company lender.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.