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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ARCTRUST, Edison Equity Teaming Up on 175-Unit Austin-Area 55+ Community
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RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community
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Pasadena Offices Sell for Residential Conversion
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout