Multifamily - Debt

Arranges financing for two multifamily properties totaling $10.82 million

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.

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.

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