Jason Kinnison negotiates $12.5 million permanent and construction loan for senior housing property in Bettendorf, Iowa

The Fountains Independent Living
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OMAHA, NEBRASKA (November 4, 2019) – Jason Kinnison of NorthMarq’s Omaha regional office finalized the refinance of The Fountains Independent Living, located at 3728 Thunder Ridge Road in Bettendorf, Iowa. The loan was structured with an immediate funding of $8,500,000 and a construction component in the amount of $4,000,000, which will be used to complete an addition to the property.

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.

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