Multifamily - Debt

NorthMarq Capital

NorthMarq Capital’s Kansas City office arranges acquisition financing for Hilltop Village in Kansas City, Missouri

OVERLAND PARK (March 1, 2016) – Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City based regional office, arranged acquisition financing for Hilltop Village, a 124-unit multifamily property located at 6700 East 87th Street in Kansas City, Missouri. The transaction was structured with a 10-year term with 2-years interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.

“Although the buyer had prior experience with agency loans, this was their first Freddie Mac loan,” noted Duvall.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.