NorthMarq’s Greg Duvall completes four market-rate financings through
AmeriSphere
MINNEAPOLIS (June 19, 2012) —
Greg Duvall, senior vice president and
managing director of NorthMarq’s Kansas City Regional office, announced
completion of acquisition financing for four multi-family properties through
its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS lender.
The properties include:
- Breckinridge Point, a 440-unit market-rate multifamily property
located at 4250 E. Renner Road in Richardson, Texas. Financing was based
on a 10-year term with three years interest only then a 30-year
amortization schedule.
- Carrington Place, a 274-unit multifamily community located at 1825
Carrington Oaks Drive in Charlotte, North Carolina. Financing was based
on a 10-year term with three years interest-only followed by a 30-year
amortization schedule.
- Chesapeake Apartments, a 374-unit multifamily community located at 150
Coveside Lane in Chesapeake, Virginia. Financing was based on a 10-year
term with 3 years interest only followed by a 30-year amortization
schedule.
- Park at Steele Creek, a 264-unit market-rate multifamily property
located at 13301 Crescent Springs Drive in Charlotte, North Carolina.
Financing was based on a 10-year term with three years interest only
then a 30-year amortization schedule.
About NorthMarq
NorthMarq Capital, the largest privately held commercial real
estate financial intermediary in the U.S, provides mortgage banking and
commercial loan servicing in 33 offices across the U.S. With an average of
$9 billion in annual production volume and servicing a loan portfolio in
excess of nearly $40 billion, the company offers expertise to borrowers of
all size. The company has a long track record of multi-family financing as a
Freddie Mac Program Plus™ Seller-Servicer, and through its affiliation with
Fannie Mae DUS lender AmeriSphere Multifamily Finance. In addition,
NorthMarq has long relationships with over 50 life companies, many CMBS
platforms and hundreds of local, regional and national banks. For more
information, please visit
www.northmarq.com.
Contact:
Greg Duvall
913.647.1610
Lisa Baccare
215.496.3097