Deal of the Day: 276-Unit Garden-Style Rental Community Receives $9.6M Loan
- May 09, 2008
By Anuradha Kher, Online News EditorLa Vista, Neb.–Quantum First Capital, based in Dallas, has closed a $9.6 million loan to purchase the Shadow Ridge Apartments in La Vista, Neb.The loan was funded through Quantum First Capital’s correspondent relationship with Green Park Financial in the Fannie Mae DUS program. The 80 percent LTV loan was structured at a 10-year term with three years of interest-only payments. The property is located at 8500 Granville Parkway, one block west of the intersection of 84th St. and Brentwood Dr. With easy access to I-80, the property is 10 minutes from the largest shopping center in Sarpy County.Developed on 15.07 acres, this 276-unit, garden-style community offers one- and two-bedroom floor plans averaging 970 sq. ft. The units are furnished with ceiling fans, a full appliance package, walk-in closets and a choice of balcony or patio.The property is undergoing upgrades to the units to include new kitchen cabinets and appliances, new bathtubs, vanities and ceramic tile surrounds, and new color schemes. Additional amenities include garages, swimming pool, clubhouse, fitness center and sauna, basketball and sports court, and a tenant entertainment area with BBQ grills.Traditional neighborhoods with single-family homes surround the property.