Multifamily - Debt

NorthMarq Capital

Steve Ruff and Bob Chalupa of NorthMarq’s Omaha office arrange $10.27 million in financing for three properties in Nebraska

OMAHA (May 15, 2018) – Steve Ruff, managing director and Bob Chalupa, senior vice president of NorthMarq Capital’s Omaha regional office, arranged three separate transactions located in Nebraska totaling a combined $10.27 million.

Cornhusker7: The $1.12 million refinancing for this 10,760 sq. ft. office property, located at 1716 Charleston Drive in Papillion, Nebraska, was structured with a fully amortizing 15-year term. Steve Ruff arranged financing for the borrower through NorthMarq’s correspondent relationship with a life insurance company.

“This was a fully-amortizing loan for the refinance of an office/retail property with a partial owner-user component,” said Ruff.

Deerfield Clubhouse Apartments: The $5.65 million in acquisition financing for this 122-unit multifamily property, located at 1021 South Howard Road in Freemont, Nebraska, was structured with a 10-year term on a 25-year amortization schedule. Bob Chalupa arranged financing for the borrower through NorthMarq’s correspondent relationship with a life insurance company.

“This was an efficiently closed acquisition financing for an apartment complex in a bedroom community o the Omaha MSA,” explained Chalupa.

Conestoga Crossing Apartments: The $3.5 million in acquisition financing for this 96-unit multifamily property, located at 740-842 North Michael Street in Freemont, Nebraska, was structured with a 10-year term on a 25-year amortization schedule. Bob Chalupa arranged financing for the borrower through NorthMarq’s correspondent relationship with a life insurance company.

“This acquisitioning financing, for an apartment complex in a bedroom community in the Omaha MSA, was arranged through our correspondent relationship with a life insurance company,” explained Chalupa.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.