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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.