NorthMarq’s Omaha office completes $24,759,000 refinance of Spring Creek Apartments Phase I in Sioux Falls, South Dakota
Spring Creek Apts - Phase I
OMAHA, NEBRASKA (October 18, 2021) – John Reed, senior vice president/managing director of NorthMarq’s Omaha office negotiated the $24,759,000 refinance of Spring Creek Apartments Phase I. The 219-unit multifamily property is located in Sioux Falls, South Dakota. The transaction was structured with a 10-year fully-amortizing term with 3-years of interest-only payments. NorthMarq arrange the permanent-fixed loan for the borrower through its Optigo status as a Freddie Mac 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.
