KANSAS CITY (January 21, 2015) – Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City based regional office arranged acquisition financing for Citra at Windermere, a 360 unit multifamily property located at 11353 Citra Circle in Windermere, Florida. The transaction was structured with a 10.5 year term with 5years interest only and 30 year amortization schedule. NorthMarq arranged financing for the borrower through its Seller-Servicer relationship with Freddie Mac.
“The borrower had a two week due diligence period on this transaction,” said Duvall. “Freddie Mac was able to quickly review the underwriting package and put the borrower in a position to rate lock at the end of their due diligence period.”
