DEAL OF THE DAY: NorthMarq Arranges $19.8M First Mortgage for 300-Unit Property
April 27, 2010
David Farrell, senior vice president and managing director of NorthMarq Capital’s Kansas City Regional office, arranged first mortgage financing of $19.8 million for Schoettler Village, a 300-unit multifamily complex located in Chesterfield, Mo.
Chesterfield, Mo.– David Farrell, senior vice president and managing director of NorthMarq Capital’s Kansas City Regional office, arranged first mortgage financing of $19.8 million for Schoettler Village, a 300-unit multifamily complex located in Chesterfield, Mo.
Financing was based on a 10-year term with a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its seller-servicer relationship with Freddie Mac.
