Brian Hennen, vice president of NorthMarq’s Minneapolis regional office, and Jeff Frankel, senior director of NorthMarq’s Chicago regional office, cooperated to arrange first mortgage refinancing of $6.5 million for 545 E. Algonquin Road, a 111,667-square-foot industrial property in Arlington Heights, Ill.
Financing was based on a three-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a national bank.
