September 30, 2014

Dan Trebil arranges $15.75 million refinance of The Overlook Apartments in Topeka, Kansas

Overlook Apts

Debt & Equity

Multi-Tenant

MINNEAPOLIS (September 29, 2014) – Dan Trebil, senior vice president/managing director of NorthMarq Capital’s Minneapolis based office arranged the $15.75 million refinance of The Overlook Apartments, a 318-unit multifamily property located at 1310 SW Summit Woods Drive in Topeka, Kansas. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac. “The borrower took advantage of the Freddie Mac “Index Lock” program, which allowed the borrower to lock the Treasury within 48 hours of receiving the financing quote,” said Trebil. “The sponsor has improved operations significantly since purchasing the property through attentive management and capital reinvestment. The new loan allows the borrower to lock in a long-term rate on an excellent asset.”

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.