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.