OMAHA, NEBRASKA (September 10, 2020) – John Reed, senior vice president/managing director of NorthMarq’s Omaha office arranged the $9.2 million refinance of The Falgrove Apartments. The 156-unit/3-story multifamily property is located at 5410 South 111th Plaza. The property was built in 1999. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq secured financing for the borrower through its correspondent relationship with a life insurance company.
The property offers residents easy to Q Streets and I-80 and is located just a few miles from Kiewit Headquarters, as well as numerous shopping, dining and entertainment establishments. The property includes an outdoor pool, clubhouse, fitness center, access to walking/biking trails and controlled entryways. Apartments amenities include: Air conditioner, cable/satellite, carpeting, ceiling fans, courtesy patrol, hardwood floors, gas fireplaces, full size washer/dryer, efficient appliances, refrigerator, spacious closets and a pet-friendly policy.