NorthMarq’s Omaha office completes $36.25 million refinance of Chateau Terrace, Alena Court and Sherman Village in Lincoln, Nebraska
OMAHA, NEBRASKA (December 30, 2020) – Bob Chalupa, senior vice president of NorthMarq’s Omaha office negotiated the $36.25 million refinance of Chateau South, a 443-unit multifamily portfolio, located in Lincoln, Nebraska. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its status as a Freddie Mac Optigo lender.
The properties were established suburban locations. Freddie Mac proved to be the best source for recapturing equity for a future development.
“NorthMarq’s Freddie Mac team and underwriters provided support and expertise that allowed the borrower to maximize the value of this transaction,” said Chalupa. “They simplified a complex portfolio of properties for a repeat borrower and closed ahead of schedule.”
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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
