March 22, 2016 Comments Off on NorthMarq Arranges $42M Refi for 509-Unit Asset Views: 266 California News, Illinois, Midwest, National News

NorthMarq Arranges $42M Refi for 509-Unit Asset

NorthMarq Capital arranged a $42.2 million refinancing loan on behalf of Village Green, for the 509-unit Residences at 1550 at 1550 W. Dempster St. in Mount Prospect, IL.

NorthMarq arranged the adjustable rate loan through Freddie Mac. The loan offers a seven-year term, with two-years of interest only and a 30-year amortization schedule.

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