Finance c Nebraska

NorthMarq closes refinance of office property in Lincoln

NorthMarq closes refinance of office property in Lincoln,ph01

Steve Ruff, managing director, and Josh Larsen, vice president, of NorthMarq’s Omaha-based regional office collaborated to secure the $1.59 million refinance of Lincolnshire Square, a 30,792-square-foot office property at 1610, 1620, 1640 and 1650 S. 70th St. in Lincoln, Nebraska.

The transaction was structured with a 10-year term on a 20-year amortization schedule. NorthMarq arranged financing for the borrower through hits correspondent relationship with a life insurance company.