NorthMarq negotiates $3,365,000 refinance of 29th Street Townhomes in Davenport, Iowa
29th Street Townhomes
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.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
