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NebraskaRetail

NorthMarq arranges first mortgage refinancing of apartment-and-retail project in Omaha

Staff Writer April 5, 2017
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John Bendon, senior vice president and managing director, and Jason Kinnison, vice president, with NorthMarq’s Omaha Regional office recently arranged first mortgage refinancing of $25.39 million for The Traditions and West Pacific Crossing in Omaha.

This asset consists of a 250-unit Class-A apartment project and an adjacent 39,000-square-foot neighborhood retail center.

Financing was based on a 10-year term and a 30-year amortization schedule.

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