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NebraskaFinance

NorthMarq closes $23 million refinance of Omaha apartment development

September 24, 2019
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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.

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