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