CRE L Iowa

NorthMarq closes $7 million refinance for 200-unit apartment property in West Des Moines

Regency-Woods-Apartments

Brent Blake, vice president of NorthMarq's Kansas City regional office, arranged refinancing of $7.028 million for Regency Woods Apartments, a 200-unit multi-family property located at 1137 11th St. in West Des Moines, Iowa.

Brent Blake, vice president of NorthMarq's Kansas City regional office, arranged refinancing of $7.028 million for Regency Woods Apartments, a 200-unit multi-family property located at 1137 11th St. in West Des Moines, Iowa.

Financing for the transaction was structured with a 10-year term and a 30-year amortization rate.

NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.