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