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.”