TODAY’S DEALS: NorthMarq Capital Arranges $27.672M Combined Mortgage for Three Apartment Complexes, and Other Transactions
- Mar 18, 2009
By Anuradha Kher, Online News EditorTopeka, Kan.–NorthMarq Capital’s Minneapolis office has arranged combined first mortgage financing of $27.672 million for three apartment complexes located in Topeka, Kan.The Brookfield Estates Apartments, the Crown Colony Apartments (pictured) and the Sherwood Apartments feature a combined total of 680 multifamily units. NorthMarq arranged financing for each of these multifamily properties on behalf of the borrower through its seller/servicer relationship with Freddie Mac.Arbor Completes $6.4M Loan to Refinance 96-Unit Apartment CommunityBellingham, Wash.–Arbor Commercial Funding LLC recently completed funding of a $6,460,900 loan under the Fannie Mae DUS product line to refinance the 96-unit complex known as Isabella Apartments in Bellingham, Wash. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 4.50 percent.