September 3, 2013

NorthMarq Capital arranged $5.021 million mortgage for Spring Tree Apartments in Omaha

Spring Tree Apts

Debt & Equity

Multi-Tenant

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.

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.