Arranges financing for two multifamily properties totaling $10.82 million
Two Multifamily Properties
OMAHA (November 20, 2014) – Jason Kinnison, senior vice president of NorthMarq Capital’s Omaha based regional office secured the refinancing of two multifamily properties located in Iowa totaling a combined $10.82 million. Tradition Pointe: This 72 unit multifamily property is located at 1103 SW 28th Street in Ankeny, Iowa. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower, Tradition Pointe, L.L.C., through its Seller/Servicer relationship with Freddie Mac. Reserve at Glenstone: This 54 unit multifamily property is located at 3300 SE Glenstone Drive in Grimes, Iowa. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower, Glenstone Apartments, L.L.C. through its Seller/Servicer relationship with Freddie Mac.
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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.
