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National  + Nebraska  + Finance  | 

NorthMarq Arranges Refi on Newly-Built Nebraska Multifamily

NorthMarq’s Omaha-based John Reed and Bob Chalupa arranged the $19.29-million refinance of Wilderness Hills Flats, a 168-unit multifamily property in Lincoln, NE. The 15-year, interest-only loan was arranged via NorthMarq’s in-house Fannie Mae team.

“Wilderness Hills Flats is a recently completed, highly amenitized property,” said Reed. “NorthMarq arranged a Fannie Mae loan that allowed our good client to lock rate and close prior to stabilization.”

“Fannie Mae has an exceptional permanent financing execution when a property has achieved 75% occupancy on a strong leasing trajectory,” he continued. “Also, Fannie Mae’s ability to execute a 15-year interest-only loan materially improves property cash flow.”

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

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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