Multifamily - Debt

NorthMarq Capital

NorthMarq Capital’s Kansas City office arranges acquisition financing of $46,479,000 for Residences at Prairiefire in Overland Park

KANSAS CITY (March 9, 2017) – Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City-based regional office, arranged acquisition financing of $46,479,000 for Residences at Prairiefire, a 426-unit multifamily property located at 5750 West 137th Street in Overland Park, Kansas. The transaction was structured with a 10-year term with 5-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae platform.

“Fannie Mae was very aggressive with their pricing in order to win the financing for this high-quality asset located in a premier submarket within Kansas City,” said Duvall.

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