Multifamily - Debt

NorthMarq’s Omaha office completes $3.1 million refinance of Cherrywood Apartments in Lincoln, Nebraska

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.

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.