Finance W Minnesota

NorthMarq's Minneapolis, Chicago offices arrange refinancing for 111,000-square-foot industrial property in Illinois

Brian Hennen, vice president of NorthMarq’s Minneapolis regional office, and Jeff Frankel, senior director of NorthMarq’s Chicago regional office, cooperated to arrange first mortgage refinancing of $6.5 million for 545 E. Algonquin Road, a 111,667-square-foot industrial property in Arlington Heights, Ill.

Brian Hennen, vice president of NorthMarq’s Minneapolis regional office, and Jeff Frankel, senior director of NorthMarq’s Chicago regional office, cooperated to arrange first mortgage refinancing of $6.5 million for 545 E. Algonquin Road, a 111,667-square-foot industrial property in Arlington Heights, Ill.

Financing was based on a three-year term and a 25-year amortization schedule.  NorthMarq arranged this financing for the borrower through its relationship with a national bank.