June 18, 2015

NorthMarq Capital completes $15 million refinance loan of Carnegie Village Senior Living Community

Senior Living Community

Debt & Equity

Multi-Tenant

KANSAS CITY (June 18, 2015) – Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City based regional office arranged the $15 million refinancing of Carnegie Village Senior Living Community, a 204-unit senior housing property (assisted living, independent living and memory care) located at 103 Bernard Drive in Belton, Missouri. This ARM loan was structured with a 7-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller-servicer relationship with Freddie Mac. “The loan involved an addition of memory care units and a parcel being carved out during the refinance process, which complicated the transaction,” said Duvall. “Freddie Mac was able to work through these issues and provide the borrower with a smooth refinance.”

Available Senior / Assisted Living properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.