NorthMarq Capital secures $53,301,000 refinance of five properties located throughout Nebraska and Iowa
OMAHA (October 8, 2018) – Jason Kinnison, senior vice president of NorthMarq Capital’s Omaha regional office, arranged the $53,301,000 refinance of Bentley and Enclave (two multifamily properties located in Omaha, Nebraska), Highpointe and Old Cheney (located in Lincoln, Nebraska) and Park Avenue (located in Des Moines, Iowa. The five properties contain a total of 899 units. The fixed-rate loans were structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged the five individual financings through its seller/servicer relationship with Freddie Mac.
“These all were early refinances of existing Freddie Mac loans,” said Kinnison. “The borrower was able to justify prepaying their existing loans given favorable pooled pricing and treasury yields that were much lower than where they are today.”
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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.
