NorthMarq Capital arranges acquisition financing of $25,338,000 for Rancho Solana Apartments in Oxnard, California
OVERLAND PARK (November 21, 2016) – Greg Duvall, senior vice president/managing director of NorthMarq Capital Kansas City-based regional office arranged acquisition financing of $25,338,000 for Rancho Solana Apartments, a 168-unit multifamily property located at 2444 Alvarado Street in Oxnard, California. The transaction was structured with a 10-year term with 5-years of interest only on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Fannie Mae. “Due to their long and successful history with this borrower, Fannie offered aggressive pricing and 5-years of interest only despite the age of the property,” said Duvall.
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