OVERLAND PARK (December 20, 2013) – Greg Duvall, senior vice president and managing director of NorthMarq’s Kansas City regional office, arranged refinancing for Buccaneer Trace Apts and Tillery Ridge Apts, totaling a combined $15.323 million.
– Tillery Ridge Apartments, a 109 unit affordable housing multifamily property located at 1716 Merchants Drive, Knoxville, Tennessee was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing of $2.783 million for the borrower through its seller-servicer relationship with Freddie Mac.
– Buccaneer Trace Apartments, a 208-unit multifamily conventional market property located at 55 East Deerwood Drive, Savannah, Georgia was structured with a 10-year term and 30 year amortization schedule. NorthMarq arranged financing of $12.54 million for the borrower through its seller-servicer relationship with Freddie Mac.
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