NorthMarq secures $13 million refinance of Ontario Place Apartments in Omaha, Nebraska

OMAHA, NEBRASKA (March 20, 2020) – John Reed, managing director of NorthMarq’s Omaha-based regional office, arranged the $13 million refinance of Ontario Place Apartments. The 156-unit multifamily property is located at 7325 Ontario Street in Omaha, Nebraska. 

The transaction was structured with a 10-year term (with 2-years of interest-only) followed by a 30-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company. 

“This is a core multifamily asset and we were able to secure an outstanding 3.32 percent rate for our good client,” said Reed.   

Property Details:
- Apartment amenities include: One and two-bedroom floor plans, fully equipped kitchen, private patio/balcony, kitchen pantry, city views, built-in shelving, window coverings, entry and linen closets, cable/internet ($85/month), granite countertops, washer/dryer, large walk-in closets, vaulted nine-foot ceilings, separate dining room, large bathrooms (with oversized tub), track lighting, celling fan(s) and carpeting/tile flooring. 
- Community amenities include: Swimming pool, clubhouse with full kitchen, controlled access, close proximity to UNO and Creighton, smoke-free, 24-our fitness center, professional business center, convenient elevator access, detached and attached garages available, near Interstate 80, close to public transportation and short-term leases available.