NorthMarq Capital’s Jordan Johnson secures $2.1 million refinance of multifamily property in Las Vegas, Nevada
LAS VEGAS (December 11, 2018) – Jordan Johnson, vice president of NorthMarq Capital’s Las Vegas-based regional office, arranged the $2.1 million refinance of Cottonwood Creek Apartments, a 128-unit multifamily property located in Las Vegas, Nevada. The permanent-fixed loan was structured with a 25-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
“Our life company correspondent came to bat for this deal with long-term financing which helped win the client from other bank offers,” said Johnson.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.
