Multifamily
Debt & Equity

NorthMarq negotiates $3,365,000 refinance of 29th Street Townhomes in Davenport, Iowa

OMAHA, NEBRASKA (October 18, 2021) – Jason Kinnison, senior vice president/managing director of NorthMarq’s Omaha office, arranged the $3.365 million refinance of 29th Street Townhomes. The 25-unit multifamily property is located at 320 East 29th Street in Davenport, Iowa. The transaction was structured with a 15-year term on a 30-year amortization schedule. NorthMarq secured financing for the borrower through its correspondent relationship with a life insurance company.   

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.

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29th Street Townhomes
Permanent Loan - Fixed
$3,365,000