Finance c Nebraska

NorthMarq Capital closes $31 million refinance for Omaha apartment complex

NorthMarq Capital closes refinance for Omaha apartment complex,ph01

Josh Larsen, vice president of NorthMarq Capital’s Omaha regional office, negotiated refinancing of $31 million for Park 120, a 282-unit multifamily property in Omaha, Nebraska.

This transaction was structured by a 12-year term on a 30-year amortization schedule, with the first year being interest-only.

NorthMarq arranged financing for the borrower through its relationship with a correspondent life company.