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