February 4, 2013

NorthMarq Capital's Omaha office arranged $12.675 million mortgage for LaCrosse Apartments in Wichita, Kansas

LaCrosse Apts

Debt & Equity

Multi-Tenant

OMAHA (February 4, 2013) – John Bendon, senior vice president and managing director, of NorthMarq’s Omaha Regional office, arranged first mortgage refinancing of $12.675 million for LaCrosse Apartments, a 176-unit market-rate class "A" multifamily properties located at 7201 E. 37th Street in Wichita, Kansas. The property is located in an extremely good market. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS lender. “AmeriSphere was able to process and close the loan within the borrower’s very short timeframe,” Bendon said.

Available Multifamily properties

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.