KANSAS CITY (January 15, 2015) – Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City regional office arranged financing of $13.34 million for Parkway Commons and Peppertree Apartments, two multifamily properties located in Lawrence, Kansas
Peppertree Apartments: This 233 unit housing property, located at 3100 West 22nd Street in Lawrence, Kansas received refinancing of $8.12 million. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Seller/Servicer relationship with Freddie Mac.
Parkway Commons Apartments: This 124 unit partially student occupied property, located at 3601 Clinton Parkway in Lawrence, Kansas received $5.25 million in acquisition financing. The transaction was structured with a 7-year term with 1-year interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Seller/Servicer relationship with Freddie Mac.
