Finance c Nebraska

NorthMarq closes $10 million of loans in Nebraska

NorthMarq closes $10 million of loans in Nebraska,ph01

Steve Ruff, managing director, and Bob Chalupa, senior vice president, of NorthMarq Capital’s Omaha regional office arranged three separate transactions located in Nebraska totaling a combined $10.27 million.

Cornhusker7: The $1.12 million refinancing for this 10,760-square-foot office property, at 1716 Charleston Drive in Papillion, Nebraska, was structured with a fully amortizing 15-year term. Ruff arranged financing for the borrower through NorthMarq’s correspondent relationship with a life insurance company.

Deerfield Clubhouse Apartments: The $5.65 million in acquisition financing for this 122-unit multifamily property at 1021 South Howard Road in Freemont, Nebraska, was structured with a 10-year term on a 25-year amortization schedule. Chalupa arranged financing for the borrower through NorthMarq’s correspondent relationship with a life insurance company.

Conestoga Crossing Apartments: The $3.5 million in acquisition financing for this 96-unit multifamily property at 740-842 North Michael Street in Freemont, Nebraska, was structured with a 10-year term on a 25-year amortization schedule. Chalupa arranged financing for the borrower through NorthMarq’s correspondent relationship with a life insurance company.