NorthMarq Capital secures $2.8 million refinance of Jacksonville Apartments in Lawrence, Kansas
Jacksonville Apts
OVERLAND PARK (October 16, 2017) – Brent Blake, senior vice president of NorthMarq Capital’s Kansas City regional office, arranged the $2.8 million refinance of Jacksonville Apartments, an 88-unit multifamily property located at 700 Monterey Way in Lawrence, Kansas. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through Freddie Mac’s Small Balance Loan program. “We were pleased to work with Jacksonville Apartments’ ownership and management to refinance this well-located Lawrence property,” noted Blake.
About Northmarq
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.
