Updated Oct 17, 2025
WarHorse Gaming LLC Secures $300 Million Construction Loan From U.S. Bank And Others For Nebraska Casino Expansions
6303 Q Street
$300,000,000
Building Size
—
Asset Type
Development Site
Closing
Oct 15, 2025
About this deal
AI
The asset involved in this context is a development site located at 6303 Q Street in Omaha, NE. The project is backed by a substantial loan amount of $300,000,000, specifically designated for construction purposes. This funding is aimed at facilitating various expansions and upgrades associated with the WarHorse Gaming LLC’s casino operations.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $300,000,000
- Lender: U.S. Bank, Capital One, KeyBank, Huntington National Bank, BOK Financial & Comerica Bank
- Landlord: WarHorse Gaming LLC
- Loan Type: Construction
The refinancing deal was structured as a five-year arrangement, primarily led by U.S. Bank. It is intended to support a $70 million upgrade project in Lincoln, along with the completed expansion in Omaha and a new casino project in South Sioux City that is set to commence construction next summer.
On the Map
$300,000,000
Development Site
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Omaha Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93