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 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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
