NorthMarq’s Jeff Frankel arranges acquisition financing of $5.625 million for mixed use property in Chicago, Illinois
CHICAGO, ILLINOIS (July 10, 2019) – Jeff Frankel, senior vice president/senior director of NorthMarq’s Chicago-based regional office arranged acquisition financing of $5.625 million for 607 West Oakdale, a mixed use property featuring 18 units plus street-level commercial space. The transaction was structured with a 7-year term with 2-years interest only on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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