Multifamily - Debt

NorthMarq Capital

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

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 $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.