Multifamily - Debt

NorthMarq’s Omaha office completes $24,759,000 refinance of Spring Creek Apartments Phase I in Sioux Falls, South Dakota

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. 

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.