NORTHMARQ CAPITAL ARRANGES FINANCING FOR 240-UNIT MULTIFAMILY PROPERTY

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HOUSTON — NorthMarq Capital has arranged $17.2 million in first mortgage financing on behalf of KC Palms LLC for Palms of Clear Lake, a multifamily property located at 1300 Gemini St. in Houston. Greg Duvall of NorthMarq’s Kansas City regional office arranged the loan for the 240-unit property through the company’s seller/servicer relationship with Freddie Mac.

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