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.