June 11, 2013

NorthMarq Capital arranged $7.9 million mortgage for Nieman Square Apartments in Shawnee, Kansas

Nieman Square Apts

Debt & Equity

Multi-Tenant

OVERLAND PARK (June 11, 2013) – Brent Blake, vice president of NorthMarq’s Kansas City regional office, arranged first mortgage refinancing of $7.9 million for Nieman Square Apartments, a 152-unit, market-rate multifamily property located at 11115 W. 64th Terrace in Shawnee, Kansas. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower, Nieman Square Apartments, LLC, through its seller-servicer relationship with Freddie Mac. “This loan was a refinance with the same lender of this successful property,” Blake said. “Very smooth transaction with both lender and borrower having done multiple loans with each other.”

Available Multifamily properties

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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.