OMAHA, NEBRASKA (August 16, 2021) – Bob Chalupa, senior vice president of NorthMarq’s Omaha office, arranged the $3.1 million refinance of Cherrywood Apartments. The 54-unit class B multifamily property, constructed in 1993, is located at 7601 Cherrywood Drive in Lincoln, Nebraska. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq secured financing 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.