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