Senior Housing - Debt

NorthMarq Capital

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

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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.