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Chicago & Midwest  + Midwest  + Apartments  | 

Northmarq Secures $512M Freddie Mac Credit Facility for MF Portfolio

On behalf of Price Holdings LLC, a Price Brothers affiliate, Northmarq has secured a $512 million Freddie Mac credit facility to refinance and recapitalize a 13‑property multifamily portfolio spanning the Kansas City and Dallas metro areas.

The financing was structured and arranged by Northmarq’s Greg Duvall, managing director, and investment analyst Brian Michaelsen. “Freddie Mac worked very hard to offer a long-term facility that allowed us to accomplish both by utilizing fixed and variable rates, staggered maturities, substitution rights and the ability to expand the facility for acquisitions, capital improvements or other needs,” said Duvall.

The four‑tranche structure provides long‑term financing certainty while maximizing proceeds across a diverse collection of stabilized, institutionally managed assets. “Securing this $512 million credit facility marks a significant milestone for Price Holdings LLC and Price Brothers and reflects the strength of our longstanding relationship with Freddie Mac and Northmarq,” added Travis Whitacre, CEO of Price Brothers.

Join us on Tuesday afternoon, June 2, 2026, at the Connect Midwest Multifamily Trends Conference as JDL Founder, Jim Leitchinger, is honored with the Changing Skyline Award, followed by an exclusive Keynote Interview. This is a rare opportunity to hear firsthand insights from one of the region’s most influential visionaries in multifamily development.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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