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