Hines, Cresset JV lands $76M to refinance of 379-unit, Brickline at The Mercantile, in Omaha

8/22/2024

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MHN

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

• Tag: Closing | JV-Partnership | Operations

• Additional Filters-Subcategory: Capital Markets: Debt-CMBS, Capital Markets: Debt-Refinance, MF: Midrise

• Company: Hines, Cresset Partners

A joint venture between Hines Interests and Cresset Real Estate Partners has obtained $75.5 million to refinance Brickline at The Mercantile, a 379-unit luxury community in Omaha, Neb. Northmarq arranged the 8-year, permanent fixed-rate loan through its proprietary Fannie Mae DUS platform. The CMBS loan carries an interest rate of 5.81%, according to Yardi Matrix info.