NORTHMARQ ARRANGES TWO LOANS TOTALING $7.6 MILLION

OMAHA, NEB. — The Omaha office of NorthMarq Capital has arranged two loans totaling $7.6 million. In the first transaction, NorthMarq secured a $6.1 million loan for Woodbridge Senior Apartments, a 107-unit, age-restricted senior community located in Omaha. The construction to mini-permanent loan carries a 3-year term with interest-only payments during the construction period, followed by a 25-year amortization schedule. Gary Rifkin of NorthMarq arranged the loan on behalf of the borrower, Calamar Enterprises through TierOne Bank.
In the second transaction, NorthMarq arranged $1.5 million in first-mortgage financing for a 13,905-square-foot Walgreens pharmacy located in Omaha. Terms of the loan include a 10-year term with a fixed interest rate and a 20-year amortization schedule. Gary Rifkin of NorthMarq arranged the loan between the borrower, BDRE-Lake LLC, and the lender Enterprise Bank.