NorthMarq’s Omaha office secures $8.5 million refinance of Stony Ridge Apartments in Lincoln, Nebraska
OMAHA, NEBRASKA (August 16, 2021) – Bob Chalupa, senior vice president of NorthMarq’s Omaha office, arranged the $8.5 million refinance of Cherrywood Apartments. The 143-unit class B multifamily property is located at 7100 Adams Street in Lincoln, Nebraska. It was constructed in 1988. 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 property was part of a three-apartment portfolio consisting of Argosy Apartments, Cherrywood Apartments and Stony Ridge Apartments.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
