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