March 5, 2013

NorthMarq Capital arranged $15.5 million mortgage for Fox Run Apartments in Shawnee, Kansas

Fox Run Apts

Debt & Equity

Multi-Tenant

OVERLAND PARK (March 5, 2013) – Brent Blake, vice president of NorthMarq’s Kansas City regional office, arranged first mortgage refinancing of $15.5 million for Fox Run Apartments, a 515-unit market-rate multifamily community located at 7650 Goddard Street in Shawnee, Kansas. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower, Fox Run Apartments, LLC, through its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS Lender. “This transaction is a straight forward refinance of a maturing loan,” said Blake. “The borrower is a repeat client of both NorthMarq and AmeriSphere.”

Available Multifamily properties

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.