NorthMarq secures permanent loan for Founders Apartments at Union Hill in Kansas City, Missouri
Founders Apts
KANSAS CITY, MISSOURI (February 20, 2020) – Greg Duvall, senior vice president/managing director and Brian Michaelsen, investment analyst in NorthMarq’s Kansas City office arranged the refinancing ofFounders Apartments at Union Hill. The 227-unit multifamily property is located at 2900 Oak Street in Kanas City, Missouri. NorthMarq arranged financing for the borrower through its in-house Fannie Mae team. The transaction was structured with a 10-year term on a 30-year amortization schedule.
“Our FNMA team was able to close this deal quickly as it only took 26 days from application to closing,” said Duvall.
Meet our team
About Northmarq
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.
