Multifamily - Debt

NorthMarq’s Omaha office arranges $24 million refinance of Flats at Shadow Creek in Lincoln, Nebraska

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. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.