Multifamily - Debt

NorthMarq Capital

NorthMarq Capital secures $2.8 million refinance of Jacksonville Apartments in Lawrence, Kansas

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.

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.