Multifamily
Debt & Equity

NorthMarq Capital arranges $9.25 million refinance of Ashbrooke Apartments in Ankeny, Iowa

KANSAS CITY (September 29, 2014) – Greg Duvall, senior vice president/managing director and Brent Blake, senior vice president of NorthMarq Capital’s Kansas City based regional office arranged the $9.25 million refinance of Ashbrooke Apartments, a 196-unit multifamily property located at 317 N.E. Delaware Avenue in Ankeny, Iowa. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.

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.

34e6f53f-e7aa-4b18-a63c-db4895ccf5af
Ashbrooke Apts
Debt
$9,250,000