Northmarq completes $5.295 million refinance of Clocktower Village in Omaha, Nebraska

Clocktower Village
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OMAHA, NEBRASKA (January 9, 2023) — John Reed, senior vice president/managing director of Northmarq’s Omaha debt/equity office, arranged the $5,295,000 refinance of Clocktower Village. The 44,000 sq. ft. unanchored strip retail property is located at 605 North 98th Street in Omaha, Nebraska.  The transaction was structured with a 10-year term on a 25-year amortization schedule. Northmarq arranged the permanent-fixed rate loan for the borrower through its relationship with a local credit union. 

“The Lund team has done a great job with leasing Clocktower and the property’s tenant mix is fantastic.  Our team was able to procure the best proceeds and lowest rate from our credit union relationship, which was the most competitive financing structure in the market,” 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.
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