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MissouriCRE

NorthMarq closes refinancing for 228-unit apartment property in St. Louis

Staff Writer April 5, 2017
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Greg Duvall, senior vice president/managing director of NorthMarq‘s Kansas City regional office, arranged refinancing for Cedar Creek Lodge, a 228-unit affordable housing multi-family property located at 7912 Olde English Road in St. Louis.

The transaction was structured with a seven-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.

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