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CHICAGO — The Chicago office of NorthMarq Capital has arranged first-mortgage financing for two Chicago-area real estate transactions. Erik Kunz secured financing of $4 million for Calumet Business Park, a 225,000-square-foot industrial property located in Chicago. Financing was arranged through American Equity, and based on a 10-year term with a 25-year amortization schedule.
In Homer Township, Ill., Kunz arranged $3.23 million for Bell Tower Plaza, a 37,023-square-foot retail property. The 15-year loan amortizes over 15 years, and was arranged for the borrower, a local investment group, by NorthMarq through its correspondent relationship with Columbian Mutual.