NORTHMARQ ARRANGES TWO LOANS TOTALING $27.1 MILLION IN KANSAS

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OVERLAND PARK AND TOPEKA, KAN. — The Kansas City Regional office of NorthMarq Capital has arranged two loans totaling $27.1 million for two multifamily properties in Kansas. In the first transaction, Sheridan Ridge Apartments received $14.6 million in first mortgage financing. The multifamily property is located at 8342 Carter St. in Overland Park. Financing was arranged for the undisclosed borrower by NorthMarq through its seller-servicer relationship with Freddie Mac. in the second transaction, Villa West Apartments, located at 2744 S.W. Villa West Dr. in Topeka, received a $12.5 million loan. Financing for the 308-unit multifamily property was based on a 10-year term with 2-year interest only followed by a 30-year amortization schedule. The loan was arranged by NorthMarq through its affiliate, AmeriSphere Multifamily Finance. Greg Duvall of NorthMarq secured financing for both transactions.

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