KANSAS CITY (February 17, 2015) – Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City based regional office arranged refinancing for Discovery at Kingwood Apartments, a 324-unit multifamily property located at 150 Northpark Plaza Drive in Kingwood, Texas. The transaction was structured with a 10-year term with 5-years interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Seller-Servicer relationship with Freddie Mac.
“This loan is another example of the strong relationship Freddie Mac has with this borrower,” said Duvall. “Including this loan, Freddie Mac has closed over $175 million with this borrower in the last six months.”