Northmarq announced that it has secured a $512 million credit facility from Freddie Mac on behalf of Price Holdings LLC, an affiliate of Price Brothers, to refinance and recapitalize a 13-property multifamily portfolio across the Kansas City and Dallas metro areas.
The financing is structured as a four-tranche facility designed to provide long-term certainty while maximizing proceeds across a portfolio of stabilized, institutionally managed assets. The deal includes a mix of fixed and variable rate components, staggered maturities, and flexibility features such as substitution rights and expansion capacity for future acquisitions or capital improvements.
The transaction was arranged by Northmarq managing director Greg Duvall and investment analyst Brian Michaelsen. The financing is expected to support Price Brothers’ continued growth strategy while maintaining operational stability across its communities.
Price Brothers, a Kansas City-based real estate investment, development, and property management firm, operates a diversified portfolio spanning multifamily, mixed-use, and commercial properties. The company emphasized that the new credit facility reflects its longstanding relationship with Freddie Mac and Northmarq, and positions it for continued expansion.
Northmarq, one of the largest privately held commercial real estate firms in the United States, provides debt, equity, investment sales, loan servicing, and fund management solutions nationwide, with over $78 billion in loan servicing and nearly $70 billion in transaction volume over the past three years.
KEY QUOTES:
“In today’s competitive and ever-changing multifamily markets, sponsors need certainty of execution and optionality more than ever. 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. This facility helps position Price Brothers for continued leadership as they enter their second century in the U.S. housing industry.”
Greg Duvall, Managing Director at Northmarq
“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. Freddie Mac continues to be a very important lender to us, and their continued confidence in our vision and platform enables us to pursue strategic growth while preserving the quality and stability of our communities. We look forward to building on this partnership for many years to come as we expand our footprint and deliver lasting value to our residents and owners.”
Travis Whitacre, CEO of Price Brothers
