NORTHMARQ ARRANGES $21.7M LOAN FOR TWO APARTMENT COMPLEXES

OVERLAND PARK, KAN. — NorthMarq Capital has arranged a $21.7 million loan for the refinancing of two apartment communities in Kansas and Tennessee. NorthMarq arranged a 10-year loan for Louisburg Square Apartments, a 313-unit conventional market multifamily property located at 9301 Santa Fe Lane in Overland Park. The Freddie Mac loan includes a 30-year amortization schedule. The owners of Sunnybrook Apartments, a 152-unit affordable housing community in Knoxville, also received a 10-year loan through Freddie Mac. Greg Duvall, senior vice president and managing director of NorthMarq’s Kansas City regional office, arranged the loan.