NorthMarq Capital’s Kansas City office secures $13,228,000 refinance of two Texas multifamily assets
Texas Multifamily Assets
KANSAS CITY (April 5, 2017) – Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City regional office, finalized $13,228,000 of combined debt for the refinances of two multifamily assets (located at 1951 Aquarenta Springs Drive in San Marcos, Texas and 1606 East McKinney Street in Denton, Texas) consisting of a combined 280 units. The transactions were both structured with a 7-year interest-only terms. NorthMarq arranged financing for the borrower through its Fannie Mae platform.
“NorthMarq’s Fannie Mae team was able to provide the borrower with an extremely quick and seamless refinance on these two Texas assets,” noted 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.
