NorthMarq arranges $17,461,000 refinance of Standing Bear Lake Apartments in Omaha, Nebraska
OMAHA, NEBRASKA (November 5, 2020) – John Reed, senior vice president/managing director of NorthMarq’s Omaha office secured refinancing of $17,461,000 for Standing Bear Lake Apartments. The 198-unit multifamily property is located at 5502 North 133rd Plaza in Omaha, Nebraska. The transaction was structured with a 10-year term with 2-years of interest-only payments followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its status as a Freddie Mac Optigo lender.
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.