NorthMarq’s Omaha office completes $5.9 million refinance of Argosy Apartments in Lincoln, Nebraska
Argosy Apts
OMAHA, NEBRASKA (August 16, 2021) – Bob Chalupa, senior vice president of NorthMarq’s Omaha office, arranged the $5.9 million refinance of Argosy Apartments. The 102-unit class B multifamily property, built in 1988, is located at 5300 R Street in Lincoln, Nebraska. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company. The property was part of a three-apartment portfolio consisting of Argosy Apartments, Cherrywood Apartments and Stony Ridge Apartments.
About Northmarq
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.
