June 13, 2013

NorthMarq Capital arranged acquisition financing for Chase Arbor Apartments in Virginia Beach, Virginia

Chase Arbor Apts

Debt & Equity

Multi-Tenant

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 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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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