NorthMarq Capital arranges $24.4 million HUD loan for Whispering Hills Apartments in Overland Park, Kansas
Whispering Hills Apts
OVERLAND PARK (September 29, 2015) – Brent Blake, senior vice president NorthMarq Capital’s Kansas City regional office negotiated the $24.4 million refinance of Whispering Hills Apartments, a 376 unit multifamily property located at 8800 W 124th Street in Overland Park, Kansas. The transaction was structured with a 35-year fully amortizing term. Whispering Hills is located in close proximity to the Sprint Campus, The College Boulevard business corridor and shops of Oak Park Mall and Town Center Plaza. In addition, the property offers convenient access to nearby park and recreation areas. Amenities include: well-equipped kitchens with granite counters, separate dining rooms, private patios with storage, washer and dryer connections, an on-site DVD library, numerous catered events, indoor and outdoor swimming pool and a fully equipped 24-hour fitness center. “Whispering Hills is a well-located property in south Overland Park that is undergoing significant interior upgrades,” said Blake. “This was a refinance with a repeat client through NorthMarq Capital’s FHA/HUD execution.”
About Northmarq
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.
