NorthMarq Capital arranged $2.8 million mortgage for free-standing retail building in Council Bluffs, Iowa
Free-Standing Retail Building
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 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.