NorthMarq Capital arranges $29 million in financing for two multifamily properties
Columns At Cabana West-Waterford Place
OVERLAND PARK (September 25, 2013) – Greg Duvall, senior vice president and managing director of NorthMarq’s Kansas City regional office, arranges $29 million in financing for two multifamily properties. Columns at Cabana West is a 268-unit, market- rate multifamily property located at 302 Cabana Boulevard in Panama City, Florida. Acquisition 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 its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS lender. “This loan was financed as a FNMA structured ARM loan,” Duvall said. Waterford Place Apts is a 192-unit, market-rate multifamily property located at 11220 West 108th Street in Overland Park, Kansas. Refinancing was based on a 20-year term and a 20-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a correspondent life company lender.
Meet our team
About Northmarq
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.
