NORTHMARQ ARRANGES $9.94 MILLION MULTIFAMILY LOAN

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WEST LAFAYETTE, IND. — David Woida in the Milwaukee regional office of NorthMarq Capital has arranged $9.94 million in first mortgage financing for the acquisition of the Fairway Apartments located in West Lafayette. The 167-unit community, which is largely occupied by students, is situated within 1 mile of the University of Purdue campus. Financing was based on a 7-year term with 4 years interest only, and a 30-year amortization schedule. Through its seller-servicer relationship with Freddie Mac, NorthMarq arranged the loan for the borrower, Gross & Cohen Purdue LLC.

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