Multifamily - Debt

NorthMarq Capital arranged $10.865 million mortgage for Foxfire Apartments in Mission, Kansas

OVERLAND PARK (August 26, 2013) – Brent Blake, vice president of NorthMarq’s Kansas City regional office, arranged first mortgage refinancing of $10.865 million for Foxfire Apartments, a 280-unit market-rate multifamily property located at 5020 Glenwood in Mission, Kansas. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower, Foxfire Apartments, LLC, through its seller-servicer relationship with Freddie Mac. “This transaction was the refinance of an existing Freddie Mac loan,” Blake said. “The process went very smoothly.”

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.