Northmarq’s Minneapolis office completes $6.45 million refinance of Harrisburg Square Apartments in Omaha, Nebraska

MINNEAPOLIS, MINNESOTA (January 20, 2022) – James Hoopes, senior vice president/senior director of Northmarq’s Minneapolis-based regional office, arranged the $6.45 million refinance of Harrisburg Square Apartments. The 287-unit multifamily property (originally built in 1970) is located at 9424 Holmes Plaza in Omaha, Nebraska. The transaction was structured with a fully-amortizing 25-year term. Northmarq secured the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.

The property resides in the Mockingbird Hills neighborhood in southwest Omaha. It contains a park, tree-lined streets and Midwestern charm. Mockingbird Hills Park, in the center of the neighborhood, provides residents with a community center with adult/child recreational activities offered, including swim lessons. The neighborhood is ideal for commuters, as Downtown Omaha is less than 10 miles away. 

Residents benefit from acres of well-maintained landscaped grounds, ample off-street parking, close proximity to shopping/restaurants, convenient access to Interstate, Platinum Service, and green and flowered areas. Community amenities include: Pool, fitness center, tanning bed, playground, clubhouse, pet-friendly, and laundry facilities. Apartment amenities include: High-speed internet access, air conditioning, ceiling fans, disposal, pantry, kitchen, window coverings, balcony and patio.