Arranges $6.6 million mortgage for 1020 Ogden Avenue in Naperville, Ill.
CHICAGO (October 10, 2013) – Erik Kunz, vice president of NorthMarq’s Chicago regional office, arranged first mortgage refinancing of $6.6 million for 1020 Ogden Avenue in Naperville, Ill. A large portion of the 55,000 sq. ft. medical office building is under a long term lease with a major medical group in Chicago. Financing was based on a 12-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a correspondent life company lender.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
