Multifamily
Debt & Equity

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. 

 

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

f8074510-5b7a-4f38-86fa-00fb64e2eac7.jpg
Founders Apts
Debt