Multifamily - Debt

Arranges two multifamily refinancings totaling $34.1 million

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 and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.