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NKF Lines Up Agency Debt for Institutional Multifamily Buy
NKF arranged the financing of Railway Plaza, a transit-oriented suburban multifamily property adjacent to the Route 59 Metro Station in Naperville, IL. The firm represented buyers BH Equities and Cantor Fitzgerald with a structured debt loan of $61,073,000.
A team consisting of executive managing director Bill Weber, managing director Henry Stimler and VP Daniel Sarsfield of NKF’s Multifamily Capital Markets group worked with the lender, Freddie Mac, to finance the 10-year fixed-rate on behalf of Cantor Fitzgerald and operating partner BH Equities.
“This acquisition on behalf of BH Equities and Cantor Fitzgerald showcases the strength of the multifamily market in growing areas across the country,” said Stimler. “Multifamily properties like Railway Plaza that are well-maintained and well-located continue to be a strong choice for institutional investors looking to expand their portfolio of properties.”
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