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The Atlas Apartments in Omaha features 732 units. The Atlas Apartments in Omaha features 732 units.

OMAHA—Locally-based NuStyle Development has secured an $88.3-million refinancing loan for its redevelopment of a former hospital property here into the 732-unit The Atlas Apartments project.

Charlotte, NC-based Grandbridge Real Estate Capital facilitated the closing of an $88,342,000 refinance loan secured by The Atlas Apartments. Originated by Minneapolis-based Grandbridge Real Estate Capital VP Brett Olson and Jeff Witt, the permanent, fixed rate, non-recourse loan was funded through Freddie Mac’s lease up program with an 11-year term and 30- year amortization.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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