NorthMarq Capital's Omaha office arranged $11.5 million mortgage for Valley View Apartments in Council Bluffs, Iowa
Valley View Apts
OMAHA (August 7, 2013) – Jason Kinnison, vice president of NorthMarq’s Omaha-based regional office, arranged first mortgage refinancing of $11.5 million for Valley View Apartments, a 258-unit, market-rate multifamily community located in Council Bluffs, Iowa. Financing was based on a 20-year term and a 20-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a correspondent life company lender. “The borrower was able to lock in this excellent 20 year fully amortizing loan five months in advance of their existing loan opening to prepayment without penalty,” Kinnison said.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
