NorthMarq’s Phoenix office arranges acquisition financing of Airview Mobile Home Park in Milan, Illinois
PHOENIX, ARIZONA (January 7, 2021) – Alex Quenzler, vice president of NorthMarq’s Phoenix office secured acquisition financing for Airview Mobile Home Park. The 80-space property is located in Milan, Illinois. NorthMarq arranged financing for the borrower through its relationship with a regional bank. The permanent-fixed loan was structured with a 5-year term on a 25-year amortization schedule and featured a 70 percent LTV.
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