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MidwestCRE

Northmarq Capital completes $4.5M refinance of flex warehouse property in Willowbrook, IL

Staff Writer April 4, 2017
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James M. Murphy, Managing Director of NorthMarq Capital‘s Boston based office arranged the $4.5 million refinance of a 50,157 sq.ft. flex industrial warehouse located at 7100 Madison Street in Willowbrook, Illinois. The commercial mortgage transaction was structured with a 5-year term and 25-year amortization schedule.

“This transaction was yet another example of the national reach of the NorthMarq Capital platform,” said Murphy. “We were pleased to be able to assist a Boston based equity fund client with their out-of-market loan request and to be able to meet the client’s needs for full leverage with maximum prepayment flexibility.”

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