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NebraskaCRE

NorthMarq’s Omaha office provides first-mortgage financing for 168-unit apartment property in Iowa

Staff Writer April 5, 2017
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John Bendon, senior vice president and managing director, and Jason Kinnison, vice president, of NorthMarq’s Omaha regional office recently arranged first mortgage financing of $7.96 million for River Park Apartments, a 168-unit multi-family property in Council Bluffs, Iowa.

Financing was based on a 10-year term and a 30-year amortization schedule. It was arranged for the borrower by NorthMarq through its seller-servicer relationship with Freddie Mac.

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