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