Senior / Assisted Living
Debt & Equity

NorthMarq Capital negotiates $24.99 million refinance loan for senior housing property in Overland Park, Kansas

OVERLAND PARK (July 14, 2015) – Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City based regional office arranged the $24.99 million refinance of The Atriums, a 203 unit, senior housing property located at 7300 West 107th Street in Overland Park, Kansas. The transaction was structured with a 7-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller-servicer relationship with Freddie Mac. “This was a refinance of an existing Freddie Mac portfolio loan,” said Duvall. “Freddie Mac provided the borrower with a 7-year ARM loan. The borrower had a need for a partial release of the subject collateral that would occur at a later date and Freddie was able to incorporate language to allow this into the loan documents.”

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.

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The Atriums
Debt
$24,990,000