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IllinoisIndustrial

Northmarq Chicago arranges $15.75 million in refinancing of industrial properties in suburban Chicago

February 17, 2022
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Downers Grove, IL.
Mokena, IL.
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Jeff Frankel, senior vice president and senior director in Northmarq’s Chicago office, finalized refinancing of two industrial properties totaling a combined 275,254 square feet located in Downers Grove and Mokena, Illinois.

The transactions were structured as separate loans ($7.45 and $8.3 million respectively) with a five-year term on a 30-year amortization schedule. Northmarq arranged the fixed rate loans for the borrower through its correspondent relationship with a life insurance company.

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