Retail (MT)
Debt & Equity

NorthMarq Capital arranged $2.8 million mortgage for free-standing retail building in Council Bluffs, Iowa

OMAHA (June 24, 2013) – Jason Kinnison, vice president of NorthMarq’s Omaha regional office, arranged first mortgage refinancing of $2.8 million for a free-standing 50,000 sq. ft. retail property located in Council Bluffs, Iowa. Financing was based on a 10-year term and a 10-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a correspondent life company lender.

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.

700e54e4-5223-4f7a-971d-6d41a00ffa3e
Free-Standing Retail Building
Debt
$2,800,000