NorthMarq Capital arranged $15.51 million in mortgages for two multifamily properties
Brampton Moors & Cross Creek
OVERLAND PARK (May 23, 2013) – Greg Duvall, senior vice president and managing director of NorthMarq’s Kansas City regional office, arranged first mortgage refinancings in the amount of $15.51 million for two market-rate multifamily properties containing a total of 376 units. Brampton Moors, a 224-unit multifamily property located at 101 Brampton Lane in Cary, North Carolina, was financed at $10,785,000. Cross Creek Apartments, a 152-unit multifamily property located at 5000 Western Avenue in Knoxville, Tennessee, was financed at $4,725,000. Financing for both of these properties was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its seller-servicer relationship with Freddie Mac.
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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.
