Multifamily - Debt

NorthMarq Capital

NorthMarq arranged supplemental financing for two multifamily properties

OVERLAND PARK (January 14, 2013) – Greg Duvall, senior vice president and managing director of NorthMarq’s Kansas City Regional office, arranged supplemental financing for two multifamily properties.
• Highland Ridge, located at 499 Northside Circle in Atlanta, Georgia, contains 219 market-rate multifamily units. Financing was based on a 7.33-year term (coterminous with the 1st mortgage) and a 30-year amortization schedule.
• Village Gardens, located at 1025 Oxford Lane in Fort Collins, Colorado, contains 141 market-rate multifamily units. Financing was based on a 5.86-year term (coterminous with the 1st mortgage) and a 30-year amortization schedule.
NorthMarq arranged these financings for the borrower through its seller-servicer relationship with Freddie Mac.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.