Multifamily - Debt


NorthMarq secures permanent loan for Founders Apartments at Union Hill in Kansas City, Missouri

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. 

 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.