Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MidwestCRE

NorthMarq Capital completes $10.6M refinance of Vesta Lofts in Chicago

Staff Writer April 4, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Sue Blumberg, senior vice president/managing director of NorthMarq Capital’s Chicago office and Charles Cotsalas, senior vice president/senior director of NorthMarq Capital‘s New York metro office arranged the $10.6 million refinance of Vesta Lofts, a 59-unit multifamily property located in Chicago, Illinois. The transaction was structured with a 7-year term and 30-year amortization schedule and was arranged for the borrower by NorthMarq through its seller/servicer relationship with Freddie Mac.

“Vesta Lofts represents a true vintage redevelopment of a former battery factory that has preserved many historic elements, such as the original water tower on the roof,” said Blumberg. “The units themselves are loft style with great space and finishes. The borrower was able to take advantage of these historically low interest rates to place the permanent loan.”

Tags
NorthMarq Capital
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisCRE

Lodge Financial closes on cash out refinance to buy out partners on 96-unit apartment building

May 17, 2022
IllinoisCRE

Clear Height Properties names new director of leasing

May 17, 2022
IllinoisIndustrial

Clear Height Properties announces $3.1 million sale of 31,385-square-foot industrial building in Addison 

May 17, 2022
IllinoisCRE

Chicago-based DMG hires new CFO

May 17, 2022

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise/Editorial Calendar
© 2022 REjournals.com