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2223 Dodge Street

Updated Mar 11, 2025

Brett Olson & Jeff Witt Of Colliers Mortgage Close $29.9M Loan For Highline Apartments In Omaha
FINANCEDMultiFamily

Brett Olson & Jeff Witt Of Colliers Mortgage Close $29.9M Loan For Highline Apartments In Omaha

2223 Dodge Street

$29,900,000

Units

306

Asset Type

MultiFamily

Closing

Jul 15, 2024

About this deal

AI

The asset involved in this transaction is a multifamily property located at 2223 Dodge Street in Omaha, NE. The complex consists of 306 units and features extensive amenities for its residents. A Fannie Mae loan was obtained for this property with a loan amount of $29,900,000, structured as a 10-year interest-only loan.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $29,900,000
  • Units: 306
  • Market: Omaha, NE
  • Lender: Brett Olson & Jeff Witt - Colliers Mortgage
  • Loan Terms: 10-year loan

Brett Olson and Jeff Witt of Colliers Mortgage were the key individuals involved in originating the loan for the refinancing of Highline Apartments. Their expertise facilitated the processing of this significant loan amount, supporting the financial structure necessary for this multifamily housing complex.

Players

Colliers Mortgage
Colliers MortgageLender

Omaha MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $97.7K per unit across 306 units on a published $29.9M (2024).

Browse Omaha multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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