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NebraskaFinance

NorthMarq closes $19 million refinance of Lincoln multifamily property

March 10, 2020
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John Reed, managing director, and Bob Chalupa, senior vice president of NorthMarq’s Omaha office, arranged the $19.29 million refinance of Wilderness Hills Flats. The 168-unit multifamily property is located at 3055 Crescent Drive in Lincoln, Nebraska.

Wilderness Hills Flats had an occupancy rate of 75 percent.

Wilderness Hills Flats is situated in southwest Lincoln within the Wilderness Hills commercial development offering access to upscale shopping and entertainment. Additionally, the subject is located less than half a mile from South Point Pavilions that offers an additional 50-plus stores, restaurants and movie theater.

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