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