Northmarq's Omaha office arranges $14.464 million in financing for Pleasant Valley Townhomes
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Date: Jan. 25, 2022
Size: 69 units
Location: Bettendorf, Iowa
Lender type: FHA/HUD
Loan sub-type: Permanent fixed
Winning quote: Borrower's objective was to maximize proceeds while locking in the longest term possible. Freddie Mac was constrained to 70%, and Fannie Mae was constrained to 65%, making HUD the clear winner.
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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.