Northmarq’s Chicago office facilitates $40M refinance for The Lodges on English Station Road

LOUISVILLE, Ky. — Brett Hood, managing director of Northmarq’s Chicago Debt + Equity office secured the $39.995 million Freddie Mac loan to recapitalize The Lodges on English Station Road, a 288-unit Class A multifamily property located in Louisville, Kentucky.

Delivered in 2018, the institutional-quality asset features best-in-class construction, top-of-market unit interiors, and a robust amenity offering — including a resort-style pool, modern clubhouse, EV charging stations, state-of-the-art fitness center, playgrounds and a dog park.

Strategically positioned just 20 miles east of downtown Louisville with direct access to I-265 and I-64, the property offers seamless connectivity to major employment centers and retail corridors in one of the metro’s most desirable suburban submarkets.

Northmarq arranged the permanent, fixed-rate loan on behalf of the borrower, an affiliate of MLG Capital, through its Freddie Mac Optigo lending platform. MLG utilized Freddie’s optional index lock feature locking near this year’s treasury yield lows and securing a sizable return of equity. The property is mission-rich, with 64% of units designated at 80% AMI.