NorthMarq Capital completes refinance of three multifamily properties in Cedar Rapids and Marion, Iowa
Multifamily Properties
OMAHA (October 5, 2015) – Jason Kinnison, senior vice president of NorthMarq Capital’s Omaha office secured the $1.85 million refinance of three multifamily properties in Cedar Rapids and Marion, Iowa. The three properties, Westcove Apartments, Kimberly Square and Residence on 11th, contain a combined 64 units. The transaction was structured with a fully amortizing 20-year term. NorthMarq arranged 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.
