NORTHMARQ CAPITAL ARRANGES $55 MILLION LOAN FOR CHICAGO MULTIFAMILY PROPERT

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CHICAGO — NorthMarq Capital has arranged $55 million in first mortgage financing for Columbus Plaza in Chicago. Located at 233 E. Wacker Dr., the high-rise multifamily property offers 533 apartment units. The financing was based on a 7-year term with a 30-year amortization schedule. Sue Blumberg of NorthMarq's Chicago Regional office arranged the financing for the borrower, Columbus Plaza Venture LLC, through NorthMarq's affiliate AmeriSphere Multifamily Finance.

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