NorthMarq Capital’s Chicago office arranges acquisition financing of $7.2 million for Morgan Place Apartments

Morgan Place Apts
6085a7f5-ee4d-4400-82ec-216e63ee881f.jpg

CHICAGO (January 24, 2017) – Jeff Frankel, senior vice president/senior director of NorthMarq Capital’s Chicago-based regional office, arranged acquisition financing of $7.2 million for Morgan Place Apartments, a 26-unit multifamily property located in Chicago, Illinois. NorthMarq arranged financing for the borrower through its relationship with a national bank.

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.