April 16, 2015

NorthMarq Capital arranges $7.25 million refinance of The Apartments at Prairie Lakes in Ankeny, Iowa

The Apartments at Prairie Lakes

Debt & Equity

Multi-Tenant

OMAHA (April 15, 2015) – Jason Kinnison, senior vice president of NorthMarq Capital’s Omaha based regional office secured permanent financing of $7.25 million for The Apartments at Prairie lakes, a recently completed 92-unit multifamily property located at 1603 Prairie Lakes Drive in Ankeny, Iowa. The transaction was structured with a fully amortizing 25-year term. NorthMarq arranged financing for the borrower through its relationship with a correspondent life insurance company.

Available Multifamily properties

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.