NorthMarq’s Omaha office secures $3.5 million refinance of Linden Storage in Indianola, Indiana

Linden Storage
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PHOENIX, ARIZONA (NOVEMBER 30, 2020) – Jason Kinnison, senior vice president/managing director of NorthMarq’s Omaha office negotiated the $3.5 million refinance of Linden Storage. The 605-unit self-storage property is located at 1400 North 14th Street in Indianola, Indiana. The transaction was structured with a 10-year term on a 20-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with correspondent life company lender.

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.