Seniors Housing L Iowa

NorthMarq negotiates $12 million in financing for Iowa seniors housing facility

NorthMarq negotiates $12 million in financing for Iowa seniors housing faci,ph01

Jason Kinnison of NorthMarq’s Omaha regional office finalized the refinance of The Fountains Independent Living at 3728 Thunder Ridge Road in Bettendorf, Iowa.

The loan was structured with an immediate funding of $8.5 million and a construction component in the amount of $4 million, which will be used to complete an addition to the property.