Northmarq secures $44 million construction loan for 23rd & Swift in Kansas City, Missouri
23rd & Swift
ST. LOUIS, MISSOURI (February 17, 2022) – David Garfinkel, managing director of NorthMarq’s St. Louis office completed a $44 million construction loan for 23rd & Swift. The 294-unit multifamily property will be located at 2300 Swift Street in Kansas City, Missouri. The transaction was structured with a 5-year term. NorthMarq arranged financing for the borrower through its relationship with a regional bank.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
