NORTHMARQ ARRANGES $8.1 MILLION MULTIFAMILY LOAN

TINLEY PARK, ILL. — The Chicago regional office of NorthMarq Capital has arranged first-mortgage financing totaling $8.1 million for a 309-unit apartment community in Tinley Park. The borrower was Edenbridge LLC; the lender was AmeriSphere Multifamily Finance, a Fannie Mae DUS lender. Sue Blumberg of NorthMarq originated the loan. The Edenbridge Apartments feature a mix of mid-rise, garden-style and townhome units near the Tinley Park Convention Center, First Midwest Amphitheatre and the city’s newly renovated downtown area. The long-term, fixed-rate financing at 5.5 percent was based on a 10-year term with a 30-year amortization schedule.