Northmarq arranges $1.38M financing for Deer Park Apartments in Council Bluffs, Iowa
OMAHA, Neb. (August 16, 2023) — Kevin Regan, senior vice president of Northmarq’s Omaha Debt & Equity team, arranged the supplemental financing for Deer Park Apartments, a 76-unit multifamily property located at 317 North Avenue in Council Bluffs. The transaction was structured on a six-year term with a 30-year amortization schedule. Northmarq secured the permanent fixed rate loan for the borrower through its status as a Freddie Mac lender.
The class B apartment was built in 2000 and most recently renovated in 2017. The property is in a peaceful neighborhood and offers one- and two-bedroom floorplan options. Deer Park Apartments has controlled access with attached and detached parking space available to residents. Surrounded by major interstate systems, the property is convenient to numerous shopping, dining, medical centers, educational, and occupational opportunities.
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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
