Multifamily - Debt

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. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.