Multifamily - Debt

NorthMarq Capital’s Kansas City office finalizes $19.95 million refinance of Grand Villas at Tuscan Lakes in League City, Texas

KANSAS CITY (January 2, 2015) – Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City based regional office completed the $19.95 million refinance of Grand Villas at Tuscan Lakes, a 206-unit multifamily property located at 1800 S. Egret Bay Boulevard in League City, Texas. The transaction was structured with a 10-year term with 5-years interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Seller/Servicer relationship with Freddie Mac.

“Freddie Mac provided very attractive refinancing terms to the borrower due to the high quality of the asset, strong property operations and their more than 20 year relationship with the sponsor,” said Duvall.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.