GREAT LAKES SECURES $40M LOAN FOR CHICAGO HIGH-RISE

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CHICAGO — Sue Blumberg of NorthMarq Capital's Chicago office has arranged $40 million for the first mortgage refinancing of 100 W. Chestnut in Chicago. The 30-story apartment high-rise contains 280 units and a parking garage. The building is fully occupied. The 10-year, Fannie Mae loan has a 30-year amortization schedule. The borrower is Great Lakes Property Group Trust.

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