NorthMarq’s Kansas City office negotiates refinance of Discovery at Rowlett Creek in McKinney, Texas
Discovery at Rowlett Creek
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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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.
