NORTHMARQ ARRANGES $3.92 MILLION MULTIFAMILY MORTGAGE

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SIOUX CITY, IOWA — Brent Blake of NorthMarq Capital’s Kansas City office has arranged first-mortgage financing of $3.92 million for the Clifton Estates Apartments. The 109-unit multifamily community is located in Sioux City. Borrower Bandit Inns LLC was able to secure financing, which NorthMarq arranged through its affiliate AmeriSphere Multifamily Finance, based on a 10-year term with 2 years of interest-only payments.

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