Sue Blumberg Of NorthMarq Arranges $93M Loan For Columbus Plaza In Chicago

The 533-unit multifamily property located at 233 E Upper Wacker Dr, Chicago, IL, 60601 has secured a $93 million Fannie Mae loan for refinancing. The loan, arranged by Sue Blumberg of NorthMarq, will support the extensive renovation efforts planned for Columbus Plaza. The property will see enhancements in the lobby and outdoor amenity spaces, including the expansion and renovation of the deck and grilling stations. Additionally, energy-saving appliances will be installed to increase water efficiency and energy savings. The building is owned by an entity controlled by the Habitat Co.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $93,000,000.00
• Address: 233 E Upper Wacker Dr, Chicago, IL, 60601
• Market: Chicago

Sue Blumberg of NorthMarq played a pivotal role in arranging the seven-year, $93 million Fannie Mae loan for the refinancing of Columbus Plaza in downtown Chicago. The property is owned by an entity controlled by the Habitat Co, showcasing the collaborative effort between financial expertise and property ownership in this significant transaction.