Multifamily - Debt

NorthMarq Capital

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. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.