NorthMarq Capital arranged acquisition financing for Chase Arbor Apartments in Virginia Beach, Virginia
Chase Arbor Apts
OVERLAND PARK (June 13, 2013) – Greg Duvall, senior vice president and managing director of NorthMarq’s Kansas City regional office, arranged acquisition financing for Chase Arbor Apartments, a 430-unit, market-rate multifamily community located at 1500 Chase Arbor Common in Virginia Beach, Virginia. Financing was based on a 10-year term with 3 years interest only then a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through is seller-servicer relationship with Freddie Mac.
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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.
