NorthMarq Capital’s Omaha office arranges $3,136,000 refinance of low-income housing tax credit property in LaVista, Nebraska
LIHTC Property
OMAHA (June 19, 2017) John Reed, senior vice president/managing director of NorthMarq Capital’s Omaha regional office, arranged the refinance of $3,136,000 for Southfield I & II Apartments, a 84 unit low-income housing tax credit property in LaVista, Nebraska. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Freddie Mac. “Freddie Mac is an exceptional financing source for the preservation of affordable housing. This refinancing funded light capital improvements and provided a great 10-year fixed rate,” said Reed.
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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.
