NorthMarq Arranges $20 Million Refinancing of Community Near Southern Illinois University

by Katie Sloan

Carbondale, Ill. — NorthMarq Capital has arranged a $20 million Freddie Mac loan for the refinancing of Aspen Court Apartments in Carbondale, home of Southern Illinois University. The property is located at 1101 E. Grand Ave., and offers one-, two-, three- and four-bedroom units. Shared amenities include a swimming pool, tanning facilities, a basketball court, fitness center, computer lab and a picnic area. Jason Kinnison of NorthMarq arranged the 10-year loan, which features a 30-year amortization schedule. The borrower was not disclosed.

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