Multifamily - Debt

NorthMarq Capital

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.”

The transaction was featured in the following location:

REBusinessOnline

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 $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.