March 11, 2013

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

Joplin Plaza Apts

Debt & Equity

Multi-Tenant

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.

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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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