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