Finance c Nebraska

NorthMarq closes $11 million refinance of Nebraska apartment development

NorthMarq closes $11 million refinance of Nebraska apartment development,ph01

Josh Larsen, vice president in NorthMarq’s Omaha, Nebraska-based regional office, secured the $11.5 million refinance of Avenue 204 at Royal View, a 120-unit multifamily property located at 10816 South 204th Street in Gretna, Nebraska.

The permanent-fixed loan was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. The property is located in close proximity to nearby nature spaces and walking trails, as well as nearby access to Highway 370 and Highway 6.

Apartment amenities include: one/two-bedroom floor plans, in-home washer and dryer, kitchen island/breakfast bar, soft-close cabinetry, separate dining area, bathrooms with tub/shower combination, push carpeting and upgraded light fixtures, private patio or balcony, fully equipped stainless kitchen, granite countertops, kitchen pantry, walk-0in closets, wood-look and tile flooring, ceiling fans with overhead lighting and window covers included. Community amenities include: resort-inspire heated swimming pool, 24-hour fitness center, outdoor grill/picnic area, garages available, non-smoking buildings, close to Nebraska Crossing outlets and dining, outdoor amphitheater, clubhouse with community room, controlled access and on-site maintenance.