Multifamily
Debt & Equity

Jason Kinnison of NorthMarq’s Omaha CRE team negotiates $7.7 million refinance off Wheatland Club Apartments in Cedar Rapids, Iowa

OMAHA (April 19, 2018) – Jason Kinnison, senior vice president/senior director of NorthMarq Capital’s Omaha regional office, secured the $7.7 million refinance of Wheatland Club Apartments, a 144-unit multifamily property located at 5617 Muirfield Drive SW in Cedar Rapids, Iowa. The transaction was structured with a fully amortizing 23-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

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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Wheatland Club Apts
Permanent Loan - Fixed
$7,700,000