NORTHMARQ CAPITAL ARRANGES $22.26 MILLION MULTIFAMILY LOAN

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OVERLAND PARK, KAN. — NorthMarq Capital has arranged combined first mortgage financing for two apartment complexes in Overland Park. Greg Duvall of the company’s Kansas City office secured the $22.26 million financing as embedded cap variable rate loans through Freddie Mac’s streamline refinance program. The unnamed borrower has obtained the financing for the 336-unit Claremont Apartments, which was financing at $18.86 million, and the 98-unit Coventry Oaks Apartments, which was financed at $3.4 million.

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