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.