Student Housing - Debt

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. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.