December 20, 2013

NorthMarq Capital arranges $15.323 million refinancing for two apartment complexes

Tillery Ridge and Buccaneer Trace Apts

Debt & Equity

Multi-Tenant

OVERLAND PARK (December 20, 2013) – Greg Duvall, senior vice president and managing director of NorthMarq’s Kansas City regional office, arranged refinancing for Buccaneer Trace Apts and Tillery Ridge Apts, totaling a combined $15.323 million. - Tillery Ridge Apartments, a 109 unit affordable housing multifamily property located at 1716 Merchants Drive, Knoxville, Tennessee was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing of $2.783 million for the borrower through its seller-servicer relationship with Freddie Mac. - Buccaneer Trace Apartments, a 208-unit multifamily conventional market property located at 55 East Deerwood Drive, Savannah, Georgia was structured with a 10-year term and 30 year amortization schedule. NorthMarq arranged financing of $12.54 million 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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