NorthMarq Capital arranged $15.5 million mortgage for Fox Run Apartments in Shawnee, Kansas
Fox Run Apts
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.”
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
