NorthMarq Capital arranged $10.865 million mortgage for Foxfire Apartments in Mission, Kansas
Foxfire Apts
OVERLAND PARK (August 26, 2013) – Brent Blake, vice president of NorthMarq’s Kansas City regional office, arranged first mortgage refinancing of $10.865 million for Foxfire Apartments, a 280-unit market-rate multifamily property located at 5020 Glenwood in Mission, Kansas. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower, Foxfire Apartments, LLC, through its seller-servicer relationship with Freddie Mac. “This transaction was the refinance of an existing Freddie Mac loan,” Blake said. “The process went very smoothly.”
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.
