NorthMarq Capital arranges $15.323 million refinancing for two apartment complexes
Tillery Ridge and Buccaneer Trace Apts
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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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.
