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Hunt Furnishes Bridge Loan on TIC Buy in Omaha
Hunt Real Estate Capital has provided a $24.7-million first mortgage bridge loan to finance the acquisition and renovation of a multifamily property in Omaha. The property is being acquired through two tenant-in-common borrowers.
The loan will include $4 million for interior and exterior improvements. The property is a 408-unit garden style multifamily complex located at 10535 Ellison Plaza, approximately 11 miles northwest of downtown Omaha.
The property is 94% occupied and the unit mix is comprised of 54 one-bedroom units, 324 two-bedroom apartments and 30 three-bedroom units.
“The borrower has more than 20 years of experience in the real estate investment and asset management experience,” said Suzanne Cope, director, loan originations at Hunt Real Estate Capital. “Their real estate portfolio includes 15 properties, including more than 1,600 apartment units, commercial, land, and multifamily homes. We were happy to partner with them on this transaction.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Sale/Acquisition

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