March 18, 2014

NorthMarq Capital arranges $8.237 million supplemental financing for Houston portfolio

Houston portfolio

Debt & Equity

Multi-Tenant

KANSAS CITY (March 10, 2014) – Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City based regional office arranged supplemental financing worth $8,237,500 for the Retreat at Steeplechase and the Retreat at Steeplecrest. The two Houston based multifamily properties contain a total of 650-units. NorthMarq arranged financing for the borrower through its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS lender. “These two properties were acquired from the same sponsor,” said Duvall. “The buyer assumed the existing first mortgage debt and the supplemental loans were placed in conjunction with the assumption.”

Available Multifamily properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.