NorthMarq’s Omaha office secures $7.1 million refinance of Trenridge Apartments in Lincoln, Nebraska

Trenridge Apts
Debt & Equity
Multi-Tenant
Multifamily
Permanent Loan - Fixed
Fannie Mae
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OMAHA, NEBRASKA (February 5, 2019) – John Reed, senior vice president/managing director of NorthMarq’s Omaha regional office arranged the $7.1 million refinance of Trenridge Apartments, a 126-unit multifamily property located at 6101 Vine Street in Lincoln, Nebraska.  The transaction was structured with a 10-year, interest-only term. NorthMarq arranged financing for the borrower through its relationship with Fannie Mae. 

“Our in-house Fannie team did an incredible job on the origination/credit side developing a structure for this refinance that worked really well for our good client,” said Reed. “Our Fannie team’s diligence and excellent communication throughout the underwriting/closing process provided for a seamless execution.”

The transaction was featured in the following location:

REBusinessOnline

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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.
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