NorthMarq Capital secures $2.8 million refinance of Jacksonville Apartments in Lawrence, Kansas

Jacksonville Apts
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OVERLAND PARK (October 16, 2017) – Brent Blake, senior vice president of NorthMarq Capital’s Kansas City regional office, arranged the $2.8 million refinance of Jacksonville Apartments, an 88-unit multifamily property located at 700 Monterey Way in Lawrence, Kansas. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through Freddie Mac’s Small Balance Loan program. “We were pleased to work with Jacksonville Apartments’ ownership and management to refinance this well-located Lawrence property,” noted Blake.

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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.