NorthMarq Capital’s Kansas City office secures $13,228,000 refinance of two Texas multifamily assets
Texas Multifamily Assets
KANSAS CITY (April 5, 2017) – Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City regional office, finalized $13,228,000 of combined debt for the refinances of two multifamily assets (located at 1951 Aquarenta Springs Drive in San Marcos, Texas and 1606 East McKinney Street in Denton, Texas) consisting of a combined 280 units. The transactions were both structured with a 7-year interest-only terms. NorthMarq arranged financing for the borrower through its Fannie Mae platform.
“NorthMarq’s Fannie Mae team was able to provide the borrower with an extremely quick and seamless refinance on these two Texas assets,” noted Duvall.
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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.
