NorthMarq Arranges $7.7M Refinancing for Apartment Property in Cedar Rapids, Iowa

CEDAR RAPIDS, IOWA — NorthMarq Capital has arranged a $7.7 million loan for the refinancing of Wheatland Club Apartments in Cedar Rapids. The 144-unit apartment property is located at 5617 Muirfield Drive SW. Jason Kinnison of NorthMarq arranged the 23-year loan, which is fully amortized. A life insurance company provided the loan.