NorthMarq arranges $21 million refinancing of Tranquility Pointe Apartments in Omaha, Nebraska
OMAHA, NEBRASKA (February 10, 2019) – John Reed, senior vice president/managing director of NorthMarq Capital’s Omaha regional office, secured the $21 million refinance of Tranquility Pointe Apartments, a 230-unit multifamily property located at 4202 North 126th Court in Omaha, Nebraska. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.
The luxury apartment community is located in close proximity to two large parks (Tranquility Park and Hefflinger Park), Eagle Run Golf Course, the OPPD Arboretum and numerous elementary, middle and high schools. Apartment amenities include: deck; door-to-door pick-up for recycling; double vanities; heated swimming pool; pantry; vaulted ceilings; high speed internet access, washer/dryer hookup; air conditioning; cable ready; alarm; tub/shower; fireplace; intercom; sprinkler system and walk-in closet. Community amenities include: fitness center; free weights; sauna; pool; playground; basketball court; controlled access security; property manager on-site and storage space.
“Tranquility Pointe and Pointe Management are excellent operations. Freddie Mac appreciates long-term relationships and provided excellent terms. The team did a great job locking this loan quickly and delivering a smooth closing, as agreed,” said Reed.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
