NorthMarq Capital negotiates $12.2 million refinance of multifamily property in Omaha, Nebraska
Spaces Apts
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.”
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.
