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

Flats at Shadow Creek
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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. 

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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.