NorthMarq Capital has arranged for two mortgage refinances in the Midwest. The firm arranged a $2.1 million mortgage refinance for a furniture store in Chicago and a $5.75 million mortgage refinance for a multifamily facility in Omaha.
Jeff Frankel, senior vice president and senior director in NorthMarq Capital’s (NorthMarq) Chicago Regional office arranged first mortgage refinancing of $2.1 million for the Walter E. Smithe Furniture Store, a 9,795 square foot retail property located at 2009 N. Clybourn Avenue in Chicago. Financing was based on a 10 + 10-year term and a 20-year amortization schedule and was arranged for the borrower, 2009 North Clybourn L.L.C., by NorthMarq through its correspondent relationship with Symetra Life Insurance Company.
Greg Duvall, senior vice president and senior director of NorthMarq’s Kansas City Regional office, arranged a first mortgage refinance of $5.75 million for Wentworth South, a 312-unit multifamily complex located at 8633 Q. Plaza in Omaha, Neb. Financing was arranged for the borrower, Tschannen-Omaha, L.L.C., by NorthMarq through its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS Lender.
