Northmarq arranges $1.38M financing for Deer Park Apartments in Council Bluffs, Iowa

Deer Park Apts

Debt & Equity

Multi-Tenant

OMAHA, Neb. (August 16, 2023) — Kevin Regan, senior vice president of Northmarq’s Omaha Debt & Equity team, arranged the supplemental financing for Deer Park Apartments, a 76-unit multifamily property located at 317 North Avenue in Council Bluffs. The transaction was structured on a six-year term with a 30-year amortization schedule. Northmarq secured the permanent fixed rate loan for the borrower through its status as a Freddie Mac lender.

The class B apartment was built in 2000 and most recently renovated in 2017. The property is in a peaceful neighborhood and offers one- and two-bedroom floorplan options. Deer Park Apartments has controlled access with attached and detached parking space available to residents. Surrounded by major interstate systems, the property is convenient to numerous shopping, dining, medical centers, educational, and occupational opportunities.

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About Northmarq

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.