NorthMarq Capital’s Omaha office secures $3.417 million refinance of affordable housing properties in Nebraska and Iowa
Affordable Housing Properties
OMAHA (August 24, 2015) – John T. Reed, managing director of NorthMarq Capital’s Omaha based regional office arranged the $3.417 million refinance of Bellevue Place Apartments (Bellevue, Nebraska) and Maple Park Apartments (Council Bluffs, Iowa). The affordable housing properties, consisting of a combined 93 units, were financed for the borrower through NorthMarq’s seller-servicer relationship with Freddie Mac. “Freddie Mac and NorthMarq’s team did an outstanding job in structuring these small affordable housing loans to meet our client’s priorities,” said Reed.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
