Northmarq’s Kansas City Debt + Equity team, led by Greg Duvall, arranged $65.677 million in financing for the Residences at Prairiefire, a 426-unit low-rise apartment community located in Overland Park, Kansas, acquired by Price Brothers.
Northmarq secured the acquisition financing on behalf of Price Brothers through Freddie Mac.
The transaction was structured with a 10-year term and features a permanent fixed-rate loan tailored to meet the client’s acquisition strategy.
The Residences at Prairiefire, built in 2014, offers modern amenities and a prime location within the Prairiefire mixed-use development, providing residents with convenient access to retail, dining and entertainment options.
