Finance L Iowa

NorthMarq closes $4.5 million in financing for Iowa apartments

NorthMarq closes $4.5 million in financing for Iowa apartments,ph01

Jason Kinnison, senior vice president of NorthMarq Capital’s Omaha regional office, arranged permanent refinancing of $4.5 million for Linden West Apartments in Indianola, Iowa.

The 96-unit multifamily project is located at 1203 W. 2nd Ave. in Indianola.

The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company.