Multifamily - Debt

NorthMarq completes $9.2 million refinance of The Falgrove Apartments in Omaha, Nebraska

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.

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 $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.