Multifamily - Debt

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

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.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.