NorthMarq Capital arranges refinancing for Cedar Creek Lodge in St. Louis, Missouri
Cedar Creek Lodge
OVERLAND PARK (December 20, 2013) – 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 multifamily property located at 7912 Olde English Road, St. Louis, Missouri. The transaction was structured with a 7-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac. “The loan was financed as part of Freddie Mac’s very low income housing incentive,” said Duvall.
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