Northmarq arranges sale and acquisition financing for 258-unit multifamily community in Omaha, NE

OMAHA, Neb. (March 27, 2025) — Northmarq’s Midwest Multifamily Investment Sales team led by Parker Stewart, Anthony Martinez, Dominic Martinez and Alex Malzone arranged the sale of The Colonial apartments, a 258-unit multifamily community in Omaha, Nebraska.

Northmarq represented the seller, Monarch Investment and Management Group. The property was acquired by Bender Companies.

Northmarq’s Debt + Equity team, led by Brett Hood, secured the financing through its in-house Fannie Mae DUS platform.

“The Colonial received robust interest from investors across the country, as demonstrated by the 18 written offers submitted,” said A. Martinez. “The property’s strategic location along the I-680 corridor, coupled with its significant scale and the opportunity to enhance a well-maintained workforce housing asset, were key drivers of this strong demand and investor confidence in the market.”

“Fannie Mae provided very favorable loan terms, including leverage exceeding 80% loan to purchase price (LTPP), for this repeat sponsor’s acquisition,” said Hood. “Bender also was able to rate lock when Treasury yields dropped to near six-month lows during the application process through Fannie’s Streamlined Early Rate Lock option.”

Located at 3022 1/2 N, 97th St., The Colonial features a diverse mix of spacious floor plans and an attractive living experience with modern conveniences and lifestyle amenities. Residents enjoy a swimming pool with a sundeck, a community room, a playground and in-building laundry facilities, all set within a park-like environment. The property also boasts private patios/balconies, walk-in closets in select units and professional on-site management, ensuring a comfortable and well-maintained living environment.

With Omaha experiencing significant economic growth and a robust multifamily market, this transaction highlights continued investor confidence in the region.