NorthMarq Capital’s Omaha office arranges $3.425 million refinance of Council Bluffs, Iowa retail property
Lake Manawa Centre
OMAHA (March 1, 2016) – Jason Kinnison, senior vice president of NorthMarq Capital’s Omaha based regional office finalized the $3.425 million refinance of the Lake Manawa Centre located in Council Bluffs, Iowa. The property includes two neighborhood strip retail buildings and a McDonald’s ground lease. The transaction was structured with an 18-year term and 22-year amortization schedule. NorthMarq arranged the financing for the borrower through its correspondent relationship with a life insurance company.
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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.
