May 23, 2013

NorthMarq Capital arranged $15.51 million in mortgages for two multifamily properties

Brampton Moors & Cross Creek

Debt & Equity

Multi-Tenant

OVERLAND PARK (May 23, 2013) – Greg Duvall, senior vice president and managing director of NorthMarq’s Kansas City regional office, arranged first mortgage refinancings in the amount of $15.51 million for two market-rate multifamily properties containing a total of 376 units. Brampton Moors, a 224-unit multifamily property located at 101 Brampton Lane in Cary, North Carolina, was financed at $10,785,000. Cross Creek Apartments, a 152-unit multifamily property located at 5000 Western Avenue in Knoxville, Tennessee, was financed at $4,725,000. Financing for both of these properties was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its seller-servicer relationship with Freddie Mac.

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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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