NorthMarq arranges $40,809,000 Freddie Mac refinancing of The Pointe & Westfield Apartments in La Vista, Nebraska
OMAHA, NEBRASKA (June 17, 2020) – John Reed, senior vice president/managing director of NorthMarq’s Omaha office, negotiated the $40,809,000 refinancing of The Pointe & Westfield Apartments. The two multifamily properties, containing a combined 576 units, are located at 8211 South 87th Plaza (The Pointe) and 7915 Chinawood Avenue (Westfield Apartments) in La Vista, Nebraska. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with Freddie Mac.
The Pointe, built in 1988 with 528-units/3-stories, features close access to I-80/major streets, shopping and public golf courses. Amenities include: 24-hour fitness center with sauna, 24-hour emergency maintenance, 9-ft ceilings, barbeque picnic area, ceramic tile entry-ways, coin laundry facility, gas fireplaces in select homes, pet-friendly policy, garages with openers, intrusion alarms, keyed access entry, large floor plans, modern appliances, party room, picnic pavilion, picnic/grill area and three outdoor swimming pools.
Westfield Apartments, built in 1996 with 48-units/3-stories, is located in close proximity to Parkview Heights Elementary School, Papillion-La Vista Senior High School, Brentwood Square, Brentwood Village and nearby retail/recreational activities. Apartment amenities include: Heating, kitchen, patio or balcony.
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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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.
