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Chicago & Midwest  + Midwest  + Finance  | 

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.”


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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
  • ◦Sale/Acquisition
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