February 25, 2013

Dennis Williams arranged $20 million mortgage for Ironwood Multifamily Portfolio in Lawrence, Kansas

Ironwood Multifamily Portfolio

Debt & Equity

Multi-Tenant

SAN FRANCISCO (February 25, 2013) – Dennis Williams, SVP/managing director of NorthMarq’s San Francisco-based regional office, arranged acquisition financing of $20 million for the Ironwood Multifamily Portfolio. The portfolio consists of four off-campus student housing properties located in Lawrence, Kansas near the University of Kansas. They are the Park West Gardens, Ironwood Court Apartments, Remington Square Apartments and Castle Rock Townhomes. The properties contain a combined total of 445 units. Financing was based on a 7-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a national bank. “The lender was able to accommodate an extremely quick close, which was essential to the deal,” Williams said.

Available Student Housing properties

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.