Finance c Nebraska

NorthMarq closes $23 million refinance of Omaha apartment development

NorthMarq closes $23 million refinance of Omaha apartment development,ph01

Josh Larsen with the Omaha office of NorthMarq secured the $23.052 million refinance of The ZAG Apartments in Omaha. The apartment development is located at 5110 Mayberry St.

The permanent-fixed non-recourse loan comes with a 10-year term, with three years interest-only, on a 30-year amortization schedule.

NorthMarq arranged the financing for the borrower through its in-house Fannie Mae team.