May 15, 2013

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

Westchester Apts

Debt & Equity

Multi-Tenant

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.

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.