OMAHA, NEBRASKA (December 30, 2020) – John Reed, managing director of NorthMarq’s Omaha office secured the $24 million refinance of Flats at Shadow Creek. The 219-unit multifamily property is located at 90th & O Street in Lincoln, Nebraska. The transaction was structured with a fully-amortizing 25-year term. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company. The property benefits from immediate access to anywhere in Lincoln, as well as close proximity to I-80 and Omaha.
Community amenities include: Pet-friendly policies, on-site pet-wash station, clubhouse for resident use and community events, 24-hour fitness center, yoga studio with on-demand fitness classes, bicycle-repair station, bike trail nearby, resort style pool with lounge seating and hot tub, outdoor grills, fireplace, detached garages available for rent, controlled-access building entries, smoke-free community, storm shelters and award-winning on-site management.
Apartment amenities include: 9 foot ceilings, modern open floor plans, all LED lighting, granite countertops, hardwood-style flooring, stainless-steel CE appliances, built-in microwaves, refrigerator, dishwasher, modern fireplaces, electric thermostat, private balcony or patio and large walk-in closets.
“Our correspondent life company was ready execute right away on Shadow Creek and issued a great rate for this recently stabilized property,” said Reed.