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