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