NorthMarq Capital’s Kansas City office negotiates acquisition financing for Citra at Windermere Apartments
Citra at Windermere Apts
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.”
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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.
