NORTHMARQ ARRANGES MULTIFAMILY LOANS TOTALING $78.9 MILLION

KANSAS CITY, MO. — Greg Duvall in the Kansas City office of Minneapolis-based NorthMarq Capital has arranged approximately $71.19 million in financing for an eight-property multifamily portfolio located in Ohio, Colorado and South Carolina. The combined properties consist of 1,529 units. Financing was based on a 10-year term with 3 years interest only, and a 30-year amortization schedule thereafter. The loan was financed through Freddie Mac’s Capital Markets Execution Program. Additionally, Duvall has arranged a $7.74 million first mortgage loan for the Villa West Apartments located at 2744 SW Villa West Dr. in Topeka, Kan. Financing for the 308-unit multifamily property was based on a 7-year term with 3 years interest only, and a 30-year amortization schedule thereafter. The loan was arranged for the borrower by NorthMarq through its seller/servicer relationship with Freddie Mac.