Multifamily - Debt

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

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.”

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.