NorthMarq Arranges $93M Refinancing of Multifamily Property in Downtown Chicago

Columbus Plaza consists of 533 units.

CHICAGO — NorthMarq Capital has arranged a $93 million Fannie Mae loan for the refinancing of Columbus Plaza in downtown Chicago. The 533-unit multifamily property will undergo extensive work in the lobby and outdoor amenity spaces, including a complete renovation and expansion of the building’s deck and grilling stations. Additionally, energy-saving appliances will be added to reduce water consumption and improve energy efficiencies. Sue Blumberg of NorthMarq arranged the seven-year loan. An entity controlled by the Habitat Co. owns the property.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.

Related News

Webinars on Demand


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties