Multifamily - Debt

NorthMarq Capital arranges $13.357 million refinance loans for two apartment properties in Overland Park and Shawnee, Kansas

OVERLAND PARK (February 26, 2016) – Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City based regional office, negotiated a combined $13.357 million in refinance loans for Fiesta Square Apartments and Haverford West Apartments. The properties, located at 9551 West 85th Street in Overland Park and 11309 West 75th Street in Shawnee, contain a combined 231 units. NorthMarq arranged financing for the borrower through its seller-servicer relationship with Freddie Mac. The transactions were both structured with a 10-year term and 30-year amortization schedule.

“Freddie Mac was able to provide aggressive leverage and pricing for these assets that were built in 1972 and 1984 due to their strong relationship and long history with this local Kansas City borrower,” said Duvall.

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.