CBRE Arranges Refi for 505-unit Omaha Multifamily Property, The Pines at Q Plaza

10/16/2024

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Connect CRE

• Subcategory: Capital Markets: Debt, MF: Market Rate

• Tag: Closing | Renovation

• Additional Filters-Subcategory: Capital Markets: Agency Loan, Capital Markets: Debt-Loan, Capital Markets: Debt-Refinance

• Company: CBRE Group (NYSE: CBRE)

CBRE has secured a loan for the refinancing of The Pines at Q Plaza Apartments, a 505-unit multifamily property in Omaha. Josh Larsen, with CBRE Capital Markets’ Debt and Structured Finance team in Omaha, secured the 10-year, full-term, interest-only loan through Freddie Mac. The total loan amount was not disclosed. The company purchased the property in 1985 and will use a portion of the loan to renovate the interiors and exterior common areas of all 505 units.