NorthMarq Capital arranged $5.021 million mortgage for Spring Tree Apartments in Omaha
Spring Tree Apts
OMAHA (September 3, 2013) – John Bendon, senior vice president and managing director of NorthMarq’s Omaha-based regional office, arranged first mortgage refinancing of $5.021 million for Spring Tree Apartments, a 120-unit market-rate Class A multifamily property located at 3056 South 60th Street in Omaha, Nebraska. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its seller-servicer relationship with Freddie Mac. “This was the 39th loan completed between Freddie Mac and the sponsors,” Bendon said.
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.
