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.”

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 more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.