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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