Multifamily - Debt

NorthMarq Capital

NorthMarq Capital arranges permanent refinancing of $4.5 million for Linden West Apartments in Indianola, Iowa

OMAHA (August 2, 2018) – Jason Kinnison, senior vice president of NorthMarq Capital’s Omaha regional office arranged permanent refinancing of $4,500,000 for Linden West Apartments, consisting of 96-units located at 1203 West 2nd Avenue, Indianola, Iowa. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. 

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.