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City+Ventures secures $72m refinancing for mixed-use development in Omaha MSA
Transactions - JUNE 11, 2024

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City+Ventures secures $72m refinancing for mixed-use development in Omaha MSA

by Denise Moose

City+Ventures, a Nebraska-based investment and development company that partnered with the City of La Vista beginning in 2015 for the development of the community, announced it secured $72.24 million in refinancing for La Vista City Centre, a growing master-planned multifamily, office and retail development in La Vista, Ne.

IPA Capital Markets secured the financing on behalf of City+Ventures.

Terms of the seven-year loan include full-term, interest-only at cost of funds plus 1.75 percent and a loan-to-value of 70 percent.

La Vista City Centre features the Vivere Apartments complex consisting of 392 luxury units ranging from studios to two bedrooms, 32,878 square feet of retail space and 64,883 square feet of office space. The Vivere Apartments is adjacent to The Astro, an indoor and outdoor music venue and 34-acre park.

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