June 26, 2013

John Reed arranged $8.6 million mortgage for Park Avenue Apartments in Omaha, Nebraska

Park Avenue Apts

Debt & Equity

Multi-Tenant

OMAHA (June 26, 2013) – John Reed, senior vice president/senior director of NorthMarq’s Omaha-based regional office, arranged first mortgage refinancing of $8.6 million for Park Avenue Apartments, a 119,409 sq. ft. multifamily property located at 846 Park Avenue in Omaha, Nebraska. The property contains 136 market-rate units. Financing was based on a 20-year term and a 20-year amortization schedule and was arranged for the borrower, Park Avenue Redevelopment, LLC, by NorthMarq through its affiliate AmeriSphere Multifamily Finance, LLL, a Fannie Mae DUS Lender.

Available Multifamily properties

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.