Multifamily - Debt

NorthMarq Capital’s Chicago office arranges acquisition financing of $3.062 million for Woodstone Apartments in Kalamazoo, Michigan

CHICAGO (February 23, 2015) – Sue Blumberg, senior vice president/managing director of NorthMarq Capital’s Chicago based regional office secured acquisition financing of $3,062,000 million for Woodstone Apartments, a 99-unit multifamily property located in Kalamazoo, Michigan. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its affiliation with AmeriSphere Multifamily Finance, a Fannie Mae DUS lender.

“We were able to help the borrower with financing as well as positioning the property for the future,” said Blumberg. “Our relationship with our sister company, AmeriSphere, was essential to the process.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.