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