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 — one of the most desirable suburban markets in the Kansas City metro area.
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.
“The refinancing of Stonebriar Woods reflects Price Brothers’ long-term commitment to enhancing the communities we serve,” Price Brothers commented. “Plans are underway for material apartment unit and community upgrades, including improvements to shared spaces, amenities, and overall curb appeal, furthering our investment in creating exceptional living experiences for our residents.”
Price Brothers is a family-owned real estate firm based in Kansas City, with over 100 years of experience in residential, commercial, and mixed-use development. With a portfolio of more than 12,000 apartment homes, the company is committed to building community and carrying forward a legacy of long-term investment and impact.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion.
