REBusinessOnline

NORTHMARQ SECURES $15M FOR OFFICE REFI IN ILL.

Posted on by in Midwest, Office

BUFFALO GROVE, ILL. — NorthMarq Capital has secured $15 million in first-mortgage financing for a five-story, 132,581-square-foot office building located at 485 Half Day Road in Buffalo Grove. Constructed in 2001 by the borrower, Millbrook IV LLC, the Class A property is occupied by Walgreens, Production Services and Ambius. The loan carries a 10-year term and a 25-year amortization schedule. Jeff Cherner of NorthMarq's Chicago office arranged the loan between Millbrook and the lender, Advantus Capital Management.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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