Updated Mar 11, 2025
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
Omaha MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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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