Multifamily

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 Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.