CBRE has secured a loan for the refinancing of The Pines at Q Plaza Apartments, a 505-unit multifamily property in Omaha.
Josh Larsen with CBRE Capital Markets’ Debt and Structured Finance team in Omaha secured the 10-year, full-term interest-only loan through Freddie Mac. The total loan amount was not disclosed.
The company purchased the property in 1985 and will use a portion of the loan to renovate the interiors and exterior common areas of all 505 units.
The Pines at Q Plaza is located at 8633 Q Plaza, minutes south of Interstate 80 and proximate to several city parks, restaurants and banks. Built in 1974, the property features a range of one-, two- and three-bedroom floor plans averaging 916 square feet.
Community and unit amenities include walk-in closets, air conditioning, a clubhouse, a courtyard, a fitness center, swimming pool, a patio/balcony in each unit, on-site washers and dryers and a playground.
