Multifamily - Debt

NorthMarq Capital arranges refinancing for Cedar Creek Lodge in St. Louis, Missouri

OVERLAND PARK (December 20, 2013) – Greg Duvall, senior vice president/managing director of NorthMarq’s Kansas City regional office, arranged refinancing for Cedar Creek Lodge, a 228 unit affordable housing multifamily property located at 7912 Olde English Road, St. Louis, Missouri. The transaction was structured with a 7-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac. “The loan was financed as part of Freddie Mac’s very low income housing incentive,” said Duvall.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.