Northmarq’s Kansas City office arranges $8.1 million acquisition financing for 1914 Main Apartments in Kansas City, Missouri
KANSAS CITY, KANSAS (March 28, 2022) – Greg Duvall, senior vice president/managing director of Northmarq’s Kansas City office, arranged $8.1 million acquisition financing for 1914 Main Apartments. The 44-unit multifamily property is located at 1914 Main Street, Kansas City, Missouri. The transaction was structured with a 10-year term with 2-years interest only followed by a 30-year amortization schedule. Northmarq secured the permanent-fixed loan for the borrower through its status as a Freddie Mac lender.
The property is conveniently located within the Crossroads Arts District and near numerous restaurants, shopping and live music venues.
Apartment amenities include luxury fixtures and hardware, downtown skyline views, nine-foot ceilings, open-style floor plans, in-building parking and private balconies.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
