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NorthMarq Capital Arranges Mortgage for Park Edge Apartments

LEXENA, KS - NorthMarq Capital arranges a $19.66 million mortgage for Park Edge Apartments.

By Chip Barnett | Updated on January 16, 2013

   LEXENA, KS – NorthMarq Capital arranged acquisition financing of $19.66 million for Park Edge Apartments, a 260-unit market-rate multifamily community located at 8201 Renner Blvd.

    Greg Duvall, senior vice president and managing director of NorthMarq’s Kansas City Regional office, secured the financing.    Financing was based on a 10-year term and a 30-year amortization schedule.      The firm arranged this financing through its seller-servicer relationship with Freddie Mac.    NorthMarq is a privately held commercial real estate financial intermediary which provides mortgage banking and commercial loan servicing in 33 offices across the U.S.

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