NEWSTAR FINANCIAL PROVIDES $34.15 MILLION LOAN FOR OFFICE PROPERTY

ROSEMONT, ILL. — Boston-based NewStar Financial has provided $34.15 million in non-recourse, first-mortgage financing for Northwest Plaza, a 328,000-square-foot office property located in Rosemont. The property consists of two eight-story buildings with a retail concourse. The loan will refinance existing debt on the property, as well as provide additional capital to continue the property’s leasing strategy and complete the addition of a TGI Friday’s restaurant on a pad site. The loan carries a 3-year term with two 1-year extension options. Draper and Kramer served as financial advisor to the borrower, Fulcrum NWP, a single-asset entity managed by Fulcrum Asset Advisors.