47
KANSAS CITY — NorthMarq Capital has secured $4.5 million in acquisition/rehab financing for University Villa Apartments, a 108-unit multifamily property in Kansas City. The property is located at 3044 Francis St. Brent Blake of NorthMarq Capital’s Kansas City-based regional office structured financing on a “callable” 25-year term with a 25-year amortization schedule. In other words, the lender has the right to call the loan, or demand repayment of the loan, anytime after the call date. In this case, the call could occur anytime after the third anniversary of the loan. NorthMarq arranged financing for the borrower through its correspondent relationship with a life company.