Northmarq Omaha arranges $3.47M refinance for senior housing property in Council Bluffs, IA
Maple Park Apartments
Council Bluffs, IA. — John Reed, Managing Director of Northmarq’s Omaha Debt + Equity team, successfully arranged the $3.47 million refinance of a 51-unit senior housing property located at 3524 2nd Avenue in Council Bluffs, Iowa. Built in 1980, the property was refinanced through Northmarq’s status as a Freddie Mac Optigo lender. The ten-year permanent fixed rate-loan features five years of interest only payments followed by amortizing payments on a 35-year amortization schedule.
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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.
