Northmarq Completes Sale, Financing of Missouri MF Portfolio

Northmarq’s St. Louis Multifamily Investment Sales team of Dominic Martinez, Parker Stewart and Alex Malzone have completed the sale and financing of Cross Creek Villas and The Falls of Columbia, a 168-unit, multifamily portfolio in Columbia, Missouri.

Built in 2005 and 2006, the build-to-rent townhome communities are located at 4912 Alpine Ridge Drive and 136 Old Plank Road. Northmarq represented the seller, Blue Field Capital. The buyer was a private investor group making their first purchase in the market. “Our ability to provide the buyer with attractive, fixed-rate financing helped create a seamless transaction for all parties,” said Stewart. 

David Garfinkel, managing director of the St. Louis Debt + Equity office, secured the acquisition loan. Northmarq arranged the permanent fixed-rate loan for the borrower through its status as a Freddie Mac lender.

Cross Creek Villas is an 88-unit pet-friendly townhome community just 10 minutes from downtown. The Falls of Columbia is an 80-unit build-for-rent townhome community in the heart of Columbia.

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