OVERLAND PARK (January 14, 2013) – Greg Duvall, senior vice president and managing director of NorthMarq’s Kansas City Regional office, arranged supplemental financing for two multifamily properties.
• Highland Ridge, located at 499 Northside Circle in Atlanta, Georgia, contains 219 market-rate multifamily units. Financing was based on a 7.33-year term (coterminous with the 1st mortgage) and a 30-year amortization schedule.
• Village Gardens, located at 1025 Oxford Lane in Fort Collins, Colorado, contains 141 market-rate multifamily units. Financing was based on a 5.86-year term (coterminous with the 1st mortgage) and a 30-year amortization schedule.
NorthMarq arranged these financings for the borrower through its seller-servicer relationship with Freddie Mac.
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