Northmarq Secures $52M Loan for Apartments Near Kansas City

Northmarq Secures $52M Loan for Apartments Near Kansas City
News| May 9, 2025| Jasmine Kilman
Chicago & Midwest + Apartment Buildings

Northmarq’s Kansas City office has arranged a $52 million permanent loan to refinance Stonebriar Woods, a 476-unit multifamily community located in the heart of Overland Park, Kansas.

The Freddie Mac loan was secured by Greg Duvall, managing director at Northmarq, on behalf of the borrower, Price Brothers, a Kansas City-based real estate investment and development firm. “This was a compelling opportunity that brought together high-quality real estate and a well-capitalized, seasoned sponsor,” said Duvall. “We were pleased to leverage our strong agency relationship to deliver attractive loan terms that aligned with the borrower’s strategic objectives.”

Ideally situated just 19 miles south of downtown Kansas City, Stonebriar Woods offers a blend of suburban comfort and urban accessibility. The garden-style community features a mix of one-, two-, and three-bedroom floorplans, each equipped with in-unit washers and dryers, private patios or balconies, and modern finishes.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with Greg Mutz, Chairman & CEO of Amli Residential Partners, LLC, and Keynote Interviewer Fred Schreiber, Chief Operating Officer at Connect Midwest Multifamily, on June 4, 2025, at The Midland Hotel, Chicago, IL. Register Today to network with your peers!

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