OVERLAND PARK (September 30, 2013) – Greg Duvall, senior vice president and managing director of NorthMarq’s Kansas City regional office, arranged financing for three Class B, market-rate multifamily properties containing a combined total of 564 units. • Avalon Cedar Place is located at 5458 Harpers Farm Road in Columbia, Maryland and contains 156 units. This acquisition financing is based on a 10-year term with 3 years interest only, then a 30-year amortization schedule. Amount of financing was not disclosed. • Kingsridge Apartments is located at 1141 NW Arlington Place in Blue Springs, Missouri, containing 140 units, was financed at $4.128 million. This acquisition financing is based on a 7-year term and a 30-year amortization schedule. This deal is an adjustable rate loan with one year of interest-only payments. • Lodge at Trails Edge is located at 9435 Benchmark Drive in Indianapolis, Indiana and contains 268 units. This supplemental financing of $1.942 million is based on a 7-year term and a 30-year amortization. NorthMarq arranged this financing for the borrowers through its seller-servicer relationship with Freddie Mac.
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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.
