Multifamily - Debt

Northmarq’s Kansas City office arranges a $17.2 million refinance for The Frontier West Lawrence in Lawrence, Kansas

KANSAS CITY, KANSAS (March 28, 2022) – John Duvall, vice president of Northmarq’s Kansas City office, arranged a $17.2 million refinance for The Frontier West Lawrence Apartments. The 192-unit multifamily property is located at 546 Frontier Road, Lawrence, Kansas. The transaction was structured with a 10-year term with 2-years interest only followed by a 30-year amortization scheduled. Northmarq secured the permanent-fixed loan for the borrower through its status as a Freddie Mac lender.

The property is conveniently located close to shopping, University of Kansas and near Kansas Turnpike.

Community amenities include salt water swimming pool and a 24-hour fitness center. Apartment amenities include private balconies, fully equipped kitchens with granite countertops, in-unit washer and dryer, energy effitefficient appliances, and walk-in closets.

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.