Multifamily - Debt

NorthMarq Capital arranges $6.075 million refinance for East Bay Village Apartments in Essexville, Michigan

KANSAS CITY (July 15, 2014) – Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City based regional office secured the $6.075 million refinance of East Bay Village Apartments, a 208-unit multifamily property located on 1877 W. East Bay Parkway, Essexville, Michigan. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.