$11.75 MILLION LOAN SECURED FOR GRINDSTONE CANYON APARTMENTS IN MISSOURI

COLUMBIA, MO. — NorthMarq Capital’s Kansas City regional office has arranged $11.75 million in first mortgage financing for Grindstone Canyon Apartments, a 200-unit multifamily complex located in Columbia. Brent Blake of NorthMarq secured the financing, which carries a 10-year term and a 30-year amortization schedule, for borrowers Columbia Apartment Co. and The New Solana Center. The financing was arranged through NorthMarq’s seller-servicer relationship with Freddie Mac.