OMAHA, NEB. — CBRE has secured a loan for the refinancing of The Pines at Q Plaza Apartments, a 505-unit community in Omaha. John Larsen of CBRE Capital Markets’ Debt and Structured Finance team in Omaha secured the 10-year, full-term interest-only loan through Freddie Mac. The total loan amount was not disclosed. The company purchased the property in 1985 and will use a portion of the loan to renovate the common areas of all units.
The Pines at Q Plaza is located at 8633 Q Plaza. Built in 1974, the property features one-, two- and three-bedroom floor plans averaging 916 square feet. Units include walk-in closets, air conditioning and a patio or balcony in each unit. Community amenities include a clubhouse, courtyard, fitness center, pool, on-site washers and dryers and a playground.