Multifamily - Debt

NorthMarq Capital’s Kansas City office arranges acquisition financing of $46,479,000 for Residences at Prairiefire in Overland Park

KANSAS CITY (March 9, 2017) – Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City-based regional office, arranged acquisition financing of $46,479,000 for Residences at Prairiefire, a 426-unit multifamily property located at 5750 West 137th Street in Overland Park, Kansas. The transaction was structured with a 10-year term with 5-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae platform. “Fannie Mae was very aggressive with their pricing in order to win the financing for this high-quality asset located in a premier submarket within Kansas City,” said Duvall.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.