October 2, 2015

NorthMarq Capital negotiates $12.2 million refinance of multifamily property in Omaha, Nebraska

Spaces Apts

Debt & Equity

Multi-Tenant

OMAHA (September 29, 2015) – Gary Rifkin, senior vice president of NorthMarq Capital’s Omaha office arranged the $12.2 million refinance of Spaces Apartments, a 154-unit multifamily property located at 501 Park Avenue in Omaha, Nebraska. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life insurance company. “Spaces Apartments was an immediate success developed in this midtown location and leased very quickly,” said Rifkin. “The developers have an outstanding understanding of their predominant clientele and added many features in this property that catered to that resident.”

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.