NorthMarq Capital arranged supplemental financing for two multifamily properties
GeorgetownApts-Stone Ridge Apts
OVERLAND PARK (February 6, 2013) – Greg Duvall, senior vice president and managing director of NorthMarq’s Kansas City Regional office, arranged supplemental financing for two multifamily properties for a combined total of $3.46 million. • Georgetown Apartments, a 150-unit market-rate multifamily property located at 59 Fitz-Henry Boulevard in Columbus, Ohio, was financed at $2.4 million. Financing was based on a 14-year term and a 25-year amortization schedule. • Stone Ridge Apartments, a 106-unit market-rate multifamily property located at 5100 Conser in Overland Park, Kansas, was financed at $1.06 million. Financing was based on a 16-year term and a 25-year amortization schedule. NorthMarq arranged these financings for the borrower through its seller-servicer relationship with Freddie Mac.
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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.
