NorthMarq’s Kansas City office negotiates refinance of Discovery at Rowlett Creek in McKinney, Texas
KANSAS CITY, MISSOURI (February 20, 2020) – Greg Duvall, senior vice president/managing director and Brian Michaelsen, vice president/ senior investment analyst in NorthMarq’s Kansas City office arranged the refinancing of Discovery at Rowlett Creek. The 366-unit multifamily property is located at 4101 South Custer Road in McKinney, Texas. NorthMarq arranged financing for the borrower through its in-house Freddie Mac team. The permanent-fixed loan was structured with a 10-year term with 5-years of interest-only payments followed by a 30-year amortization schedule.
“This was a refinance of an existing Freddie Mac ARM loan,” said Duvall.
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