September 25, 2013

NorthMarq Capital arranges $29 million in financing for two multifamily properties

Columns At Cabana West-Waterford Place

Debt & Equity

Multi-Tenant

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.

Available Multifamily properties

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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.