NORTHMARQ SECURES $7 MILLION LOAN FOR APARTMENT REFINANCING

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BLOOMINGDALE, ILL. — The Chicago office of NorthMarq Capital has secured $7 million in first-mortgage financing for Deer Glen Apartments, a 216-unit multifamily community located in Bloomingdale. Financing was based on a 5-year term plus one, with a 30-year amortization schedule. Sue Blumberg arranged the financing with Freddie Mac on behalf of Deer Glen at Bloomingdale LLC.

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