NorthMarq arranged supplemental financing for two multifamily properties
Highland Ridge-Village Gardens
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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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.
