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.
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.
