NorthMarq Capital’s Omaha office completes $41.5 million refinance of Villas of Omaha at Butler Ridge and the Flats at 84
Omaha Multifamily
OMAHA (October 10, 2017) – Bob Chalupa, vice president of NorthMarq Capital’s Omaha regional office, secured the $41.5 million refinance of Villas of Omaha at Butler Ridge and The Flats at 84, a multifamily property consisting of 444-units. The transaction was structured with a 25-year term with 2-years of interest only followed by a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “We were able to secure a forward commitment and a master lease structure for the borrower, which took away interest rate risk,” said Chalupa.
About Northmarq
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.
