OMAHA (December 11, 2018) – Bob Chalupa, senior vice president/managing director of NorthMarq Capital’s Omaha regional office, arranged the $17.5 million refinance of Linden Place I & II, a 154,772 sq. ft. Class A office property located at 14301 FNB Parkway in Omaha, Nebraska. The permanent-fixed rate loan was structured with a 15-year term on a 25-year amortization schedule, with some prepayment flexibility in the later years. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
The loan was non-recourse and there were no escrows or reserves required. “It was a typical life company execution, early rate lock at application, and closed as quoted with no surprises. This was a great loan for the borrower and a great loan for the lender,” noted Chalupa.