Multifamily - Debt

NorthMarq Capital arranged $7 million mortgage for Joplin Plaza Apartments in Joplin, Missouri

OVERLAND PARK (March 11, 2013) – Brent Blake, vice president of NorthMarq’s Kansas City regional office, arranged first mortgage refinancing of $7 million for Joplin Plaza Apartments, a 174-unit market-rate multifamily property located at 1715 Rex Avenue in Joplin, Missouri. Through its AmeriSphere DUS affiliate, NorthMarq arranged a 10-year refinance of the subject following the property’s total destruction by a May 2011 tornado and complete rebuilding. “We were honored to arrange financing for the owners of this major Joplin, Missouri apartment community and to have played a small role in the rebuilding of the city,” said Blake.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.