NorthMarq Arranges $6.6M in Permanent Financing for Apartments

Tulsa, Okla.--NorthMarq arranged permanent financing of $6,637,500 for the Summer Stone Duplexes.

Tulsa, Okla.–NorthMarq’s Denver Office arranged permanent financing of $6,637,500 for the Summer Stone Duplexes located at 1801 South 132nd Place in Tulsa, Okla.

The duplexes, built in 1974 and substantially renovated in 1996, consist of 42 duplex and 22 fourplex buildings with a total of 92, two-bedroom and 80, three-bedroom floor plans.

Project amenities include clubhouse, outdoor swimming pool, fitness center, basketball court and playground. Unit amenities include fully equipped kitchens, full-size washer/dryer connections, spacious closets, outside storage, as well as attached two-car carports.

John M. Stewart, vice president; and Brock Yaffe, investment analyst, arranged the financing for the borrower.