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

Property Image
FINANCED
$29,900,000

Nebraska

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MultiFamily
Financed 07/15/2024
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Property Image
FINANCED

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

2223 Dodge Street

See Similar Deals
MultiFamily
Financed 07/15/2024
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Summary

NEBRASKA
Asset Type:MultiFamily
Transaction Type:Loan

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

LENDER

Details

FINANCED
IMAGE: 07/15/2024 ADDRESS: 2223 Dodge Street MARKET: Omaha, NE ASSET TYPE: Multifamily ~ UNITS: 306 LENDER: Brett Olson & Jeff Witt - Colliers Mortgage LOAN AMOUNT: $29,900,000 LOAN TERMS: 10-year loan NOTE: Colliers Mortgage provided a $29.9 million Fannie Mae loan to refinance Highline Apartments, a 306-unit complex in Omaha with extensive amenities. The 10-year interest-only loan was originated by Brett Olson and Jeff Witt.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$29,900,000.00

Monthly NOI$199,333.33
Monthly Debt Service$188,988.34
Change in Cash Flow$0.00
Refinance Proceeds$0.00