NorthMarq Capital arranges $201.5 million portfolio financing with Allianz Life

KANSAS CITY (September 22, 2014) – Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City based regional office arranged the $201.5 million refinancing of a portfolio of 10 properties (mix of multifamily, unanchored retail and suburban office) in the Kansas City and Dallas MSA’s. The portfolio consists of 2,190 multifamily units, 53,143 sq.ft. of office space and 23,027 sq.ft. of retail space. The transaction was structured with a 25-year term and 25-year amortization schedule and was arranged for the borrower through NorthMarq’s exclusive correspondent relationship with Allianz Life Insurance Company of North America. The multifamily property pictured above, located in Lenexa, Kansas, represents one of the 8 multifamily deals that were financed as part of this 10 property portfolio. “One of our repeat borrowers was refinancing nine properties and seeking long-term, fully amortizing financing, which Allianz was able to provide by way of a single loan with very competitive terms with all nine properties crossed,” explained Duvall. “After the loan on the nine deals was initially committed, Allianz was able to provide the acquisition financing for an additional property the borrower was purchasing and incorporate that loan into the original portfolio under the same terms.” Paul Wolters, senior director of commercial mortgages at Allianz, said “This client is an existing borrower of Allianz Life and has been great to work with over the years. As with any good borrowing relationship, it was great to be able to ‘blend and extend’ an existing loan and combine with a portfolio of other class “A” assets to make a meaningful loan in the Kansas City and Dallas metro areas.”