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MidwestCRE

NorthMarq arranges $6.6 million mortgage for 1020 Ogden Ave. in Naperville

Staff Writer April 5, 2017
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1020 Ogden AvenueErik Kunz, vice president of NorthMarq’s Chicago regional office, arranged first mortgage refinancing of $6.6 million for 1020 Ogden Ave. in Naperville.

A large portion of the 55,000-square-foot medical office building is under a long-term lease with a major medical group in Chicago. Financing was based on a 12-year term and a 25-year amortization schedule.  NorthMarq arranged the financing for the borrower through its relationship with a correspondent life company lender.

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