NorthMarq arranges $17,461,000 refinance of Standing Bear Lake Apartments in Omaha, Nebraska
OMAHA, NEBRASKA (November 5, 2020) – John Reed, senior vice president/managing director of NorthMarq’s Omaha office secured refinancing of $17,461,000 for Standing Bear Lake Apartments. The 198-unit multifamily property is located at 5502 North 133rd Plaza in Omaha, Nebraska. The transaction was structured with a 10-year term with 2-years of interest-only payments followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its status as a Freddie Mac Optigo lender.
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