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NorthMarq Capital closes refinance of three multifamily properties in Iowa

Staff Writer April 2, 2017
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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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