NorthMarq Capital completes refinance of three multifamily properties in Cedar Rapids and Marion, Iowa
Multifamily Properties
OMAHA (October 5, 2015) – Jason Kinnison, senior vice president of NorthMarq Capital’s Omaha office secured the $1.85 million refinance of three multifamily properties in Cedar Rapids and Marion, Iowa. The three properties, Westcove Apartments, Kimberly Square and Residence on 11th, contain a combined 64 units. The transaction was structured with a fully amortizing 20-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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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.
