NorthMarq Capital’s Omaha office arranges $3,136,000 refinance of low-income housing tax credit property in LaVista, Nebraska
LIHTC Property
OMAHA (June 19, 2017) John Reed, senior vice president/managing director of NorthMarq Capital’s Omaha regional office, arranged the refinance of $3,136,000 for Southfield I & II Apartments, a 84 unit low-income housing tax credit property in LaVista, Nebraska. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Freddie Mac. “Freddie Mac is an exceptional financing source for the preservation of affordable housing. This refinancing funded light capital improvements and provided a great 10-year fixed rate,” said Reed.
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