Dan Trebil arranges $15.75 million refinance of The Overlook Apartments in Topeka, Kansas
Overlook Apts
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.”
Meet our team
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
