NorthMarq Capital’s Kansas City office negotiates acquisition financing for Citra at Windermere Apartments
Citra at Windermere Apts
KANSAS CITY (January 21, 2015) – Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City based regional office arranged acquisition financing for Citra at Windermere, a 360 unit multifamily property located at 11353 Citra Circle in Windermere, Florida. The transaction was structured with a 10.5 year term with 5years interest only and 30 year amortization schedule. NorthMarq arranged financing for the borrower through its Seller-Servicer relationship with Freddie Mac. “The borrower had a two week due diligence period on this transaction,” said Duvall. “Freddie Mac was able to quickly review the underwriting package and put the borrower in a position to rate lock at the end of their due diligence period.”
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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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
