Multifamily
Debt & Equity

NorthMarq Capital’s Omaha office completes $41.5 million refinance of Villas of Omaha at Butler Ridge and the Flats at 84

OMAHA (October 10, 2017) – Bob Chalupa, vice president of NorthMarq Capital’s Omaha regional office, secured the $41.5 million refinance of Villas of Omaha at Butler Ridge and The Flats at 84, a multifamily property consisting of 444-units. The transaction was structured with a 25-year term with 2-years of interest only followed by a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “We were able to secure a forward commitment and a master lease structure for the borrower, which took away interest rate risk,” said Chalupa.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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Omaha Multifamily
Debt
$41,500,000