NorthMarq arranges $18.5 million refinance of West Dodge Hills in Omaha, Nebraska
West Dodge Hills
OMAHA, NEBRASKA (March 20, 2020) – Bob Chalupa, senior vice president of NorthMarq’s Omaha office secured refinancing of $18.5 million for West Dodge Hills. The 122,080 sq. ft. office property located at 18135 Burke Street, Omaha, Nebraska. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
The class A building has underground parking, a health club/workout facility for tenants, and convenient access to West Dodge Road.
“The non-recourse loan included a competitive rate lock at application, no reserves, and flexible structure around lease terms,” said Chalupa.
About Northmarq
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.
