Multifamily
Debt & Equity

NorthMarq’s Kansas City office negotiates $9.1 million refinance of Broadmoor at Chelsea in Wichita, Kansas

KANSAS CITY, MISSOURI (February 20, 2020) – John Duvall, vice president and Kyle Tucker, senior vice president of NorthMarq’s Kansas City office secured refinancing of $9.1 million for Broadmoor at Chelsea. The 240-unit multifamily property is located in Wichita, Kansas. The transaction was structured with a 10-year term with 2-years of interest-only payments, followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its 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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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Broadmoor at Chelsea
Debt
$9,100,000