NorthMarq’s Omaha office completes $24,759,000 refinance of Spring Creek Apartments Phase I in Sioux Falls, South Dakota
OMAHA, NEBRASKA (October 18, 2021) – John Reed, senior vice president/managing director of NorthMarq’s Omaha office negotiated the $24,759,000 refinance of Spring Creek Apartments Phase I. The 219-unit multifamily property is located in Sioux Falls, South Dakota. The transaction was structured with a 10-year fully-amortizing term with 3-years of interest-only payments. NorthMarq arrange the permanent-fixed loan for the borrower through its Optigo status as a Freddie Mac lender.
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