John Reed arranged $6.24 million mortgage for Amber Ridge Apartments in Fargo, North Dakota
Amber Ridge Apts
OMAHA (February 13, 2013) – John Reed, senior vice president and senior director of NorthMarq’s Omaha Regional office, arranged first mortgage refinancing of $6.24 million for Amber Ridge Apartments, a 101,592 sq. ft. multifamily property located at 2312 55th Street South in Fargo, North Dakota. The property contains 108 market-rate units. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrower, Amber Valley West Apartments, LLC, by NorthMarq through its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS Lender.
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