NorthMarq’s Kansas City office arranges acquisition financing for Butternut Ridge in Cleveland, Ohio
OVERLAND PARK, KANSAS (June 26, 2019) – Greg Duvall, senior vice president/managing director of NorthMarq’s Kansas-based regional office, negotiated acquisition financing for Butternut Ridge, a 261-unit multifamily property located in Cleveland, Ohio. The transaction was structured with a 10-year term with 5-years of interest-only, followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Freddie Mac.
Meet our team
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
