NORTHMARQ ARRANGES $5.05M MORTGAGE

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DES MOINES, IOWA — NorthMarq Capital has secured $5.05 million in first mortgage financing for the 274,332-square-foot Washington Avenue Complex, an industrial property located at 1550 and 1600 E. Washington Ave. in Des Moines. Gary Rifkin of NorthMarq's Omaha, Neb., office arranged the 7-year financing with a 25-year amortization schedule through American National Insurance Co. on behalf of the borrower, DM Washington.

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