Northmarq completes $5.295 million refinance of Clocktower Village in Omaha, Nebraska
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 a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
