Jason Kinnison arranges $20.09 million refinance of a student housing property in Carbondale, Illinois

OMAHA, NEBRASKA (October 24, 2019) – Jason Kinnison of NorthMarq’s Omaha regional office secured the $20.09 million refinance of Aspen Court Apartments. The property is located at 1101 East Grand Avenue in Carbondale, Illinois.
Financing Details:
- 10-year term
- 30-year amortization schedule
- NorthMarq arranged the permanent-fixed loan for the borrower through its 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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.