NorthMarq’s Chicago office arranges $4.5 million refinance of an industrial property in Des Plaines, Illinois
CHICAGO, ILLINOIS (March 5, 2020) – Erik Kunz, vice president of NorthMarq’s Chicago office negotiated the $4.5 million refinance of an industrial property located in Des Plaines, Illinois. The building contains 214,664 sq. ft. The transaction was structured with a 10-year term on a 20-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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.
