Multifamily
Debt & Equity

NorthMarq Capital’s Kansas City office finalizes two multifamily transactions totaling a combined $13.34 million

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.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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Two Multifamily Properties
Debt
$13,340,000