Multifamily

NorthMarq Capital’s Kansas City office secures $13,228,000 refinance of two Texas multifamily assets

KANSAS CITY (April 5, 2017) – Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City regional office, finalized $13,228,000 of combined debt for the refinances of two multifamily assets (located at 1951 Aquarenta Springs Drive in San Marcos, Texas and 1606 East McKinney Street in Denton, Texas) consisting of a combined 280 units. The transactions were both structured with a 7-year interest-only terms. NorthMarq arranged financing for the borrower through its Fannie Mae platform.

“NorthMarq’s Fannie Mae team was able to provide the borrower with an extremely quick and seamless refinance on these two Texas assets,” noted Duvall.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.