Multifamily - Debt

NorthMarq Capital

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

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.”

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.