NorthMarq Capital arranged $4.9 million mortgage for 19-27 Jefferson Street in Naperville, Illinois
19-27 Jefferson Street
CHICAGO (April 24, 2013) – Erik Kunz, vice president of NorthMarq‘s Chicago regional office, arranged first mortgage refinancing of $4.9 million for 19-27 Jefferson Street. This asset contains 21,000 sq. ft. of storefront retail in Vintage Downtown Naperville between Jefferson & Washington Streets. Lululemon, Cold Stone Creamery and Jimmy Johns are major tenants at the site. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrower, Jefferson Retail LLC, by NorthMarq through its correspondent relationship with a CMBS lender. “This loan allowed a portion of the land in the rear of the buildings to be removed at some later point in time,” Kunz said.
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.
