Multifamily
Debt & Equity

NorthMarq’s Chicago office finalizes $8 million refinance of Westchester Apartments in Kenosha, Wisconsin

CHICAGO, ILLINOIS (November 8, 2019) – Jeff Frankel arranged the $8 million refinance of Westchester Apartments, a multifamily property located in Kenosha, Wisconsin. 

Financing Details:
- 10-year term
- NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. 
- Permanent-fixed loan

Producer Quote:
“The subject is a multifamily apartment complex consisting of ten buildings totaling 168 units. The buildings were constructed from 1986-1991 and are a mix of traditional units and condo style units with attached garages and in-unit laundry facilities.”

- Jeff Frankel

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.

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Westchester Apts
Permanent Loan - Fixed
$8,000,000