Arranges two multifamily refinancings totaling $34.1 million
Harrison Hills Apts & Forest Ridge Apts
OMAHA (January 17, 2014) NorthMarq Capital’s Omaha regional office arranged two refinancings totaling $34.1 million for Harrison Hills Apartments and Forest Ridge Apartments. - Harrison Hills Apartments, a 484-unit property located at 6925 South 115th Street Plaza, LaVista, Nebraska was financed with a 10-year term and 30-year amortization schedule. John Bendon, senior vice president/managing director and Jason Kinnison, vice president of NorthMarq’s Omaha regional office arranged the $29.5 million financing for the borrower, Harrison Hills Apartments, LLC. , through NorthMarq’s seller/servicer relationship with Freddie Mac - Forest Ridge is a 168-unit apartment property located at 1220 Sierra Drive NE, Cedar Rapids, Iowa. Financing for the $5,600,000 transaction was based on a 10-year term and 30-year amortization schedule. Kinnison arranged financing for the borrower, Forest Ridge 1, LLC, through NorthMarq’s seller/servicer relationship with Freddie Mac.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
