NorthMarq's Brett Hood Facilitates $16.1M Loan For 180-Unit Multifamily In Urbandale

Walnut Lake Apartments, a 180-unit garden-style community located at 4454 142nd Street in Urbandale, Iowa, secured a $16,095,000 acquisition financing package. Freddie Mac provided the loan, and MLG Capital acted as the landlord in this transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,095,000
• Lender: Freddie Mac
• Landlord: MLG Capital
• Broker: Brett Hood - NorthMarq
• Market: Urbandale, IA

Brett Hood, representing MLG Capital, successfully secured the acquisition financing package for Walnut Lake Apartments. This deal highlights the expertise and negotiation skills of Brett Hood, the broker from NorthMarq, who facilitated the transaction between MLG Capital and Freddie Mac.