NorthMarq Capital arranges $8.237 million supplemental financing for Houston portfolio
Houston portfolio
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.”
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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.
