John Reed, managing director of NorthMarq’s Omaha office, secured the $24 million refinance of Flats at Shadow Creek in Lincoln, Nebraska.
The 219-unit multifamily property is located at 90th & O Street in Lincoln. The transaction was structured with a fully-amortizing 25-year term.
NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company. The property benefits from immediate access to anywhere in Lincoln, as well as close proximity to I-80 and Omaha.
Amenities include pet-friendly policies; on-site pet-wash station; clubhouse for resident use and community events; 24-hour fitness center; yoga studio with on-demand fitness classes; bicycle-repair station; bike trail nearby; resort style pool with lounge seating and hot tub; outdoor grills; fireplace; detached garages available for rent. controlled-access building entries; smoke-free community; storm shelters; and award-winning on-site management.
Apartment amenities include: 9 foot ceilings, modern open floor plans, all LED lighting, granite countertops, hardwood-style flooring, stainless-steel CE appliances, built-in microwaves, refrigerator, dishwasher, modern fireplaces, electric thermostat, private balcony or patio and large walk-in closets.
