NorthMarq Capital Secures $1.8M Refinancing for Three Multifamily Properties in Iowa

Westcove Apartments was one of the three multifamily properties that were collectively refinanced for $1.8 million.

CEDAR RAPIDS AND MERION, IOWA — NorthMarq Capital has secured a $1.8 million refinance loan of three multifamily properties located in Iowa. The three properties include a combined 64 units. Westcove Apartments, Kimberly Square and Residence on 11th are the three communities that were refinanced. The transaction was structured with a fully amortizing 20-year term. All other details of the transaction were undisclosed.

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