NorthMarq’s Omaha office secures $8.5 million refinance of Stony Ridge Apartments in Lincoln, Nebraska
Stony Ridge Apts
OMAHA, NEBRASKA (August 16, 2021) – Bob Chalupa, senior vice president of NorthMarq’s Omaha office, arranged the $8.5 million refinance of Cherrywood Apartments. The 143-unit class B multifamily property is located at 7100 Adams Street in Lincoln, Nebraska. It was constructed in 1988. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. The property was part of a three-apartment portfolio consisting of Argosy Apartments, Cherrywood Apartments and Stony Ridge Apartments.
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.
