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.