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