Finance P Kansas

NorthMarq Capital provides $32 million of financing for 298-unit apartment complex in Overland Park

Greg Duvall, senior vice president and managing director of NorthMarq Capital's Kansas City-based office, arranged acquisition financing of $32.6 million for Corbin Crossing Apartments, a 298-unit multi-family property in Overland Park, Kansas.

Greg Duvall, senior vice president and managing director of NorthMarq Capital's Kansas City-based office, arranged acquisition financing of $32.6 million for Corbin Crossing Apartments, a 298-unit multi-family property in Overland Park, Kansas.

The property is located at 6801 W. 138th Terrace.

The transaction was structured with a seven-year term with two-years interest-only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller-service relationship with Freddie Mac.