Industrial

NorthMarq Capital arranges $5 million refinance of Stonegate Center in Omaha, Nebraska

OMAHA (October 10, 2017) – Steve Ruff, senior vice president/managing director and Eric Petersen, investment analyst of NorthMarq Capital’s Omaha regional office arranged the $5 million refinancing of Stonegate Center, a 96,638 sq. ft. industrial property located at 11750 Stonegate Circle in Omaha, Nebraska. The transaction was structured with a 10-year term on a 20-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

“We were able to obtain a very competitive, sub-four percent rate for a long-term borrower by highlighting the strengths of the subject location and sponsorship, even with a large, non-traditional tenant in place,” explained Ruff.

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.