Multifamily
Debt & Equity

Scott Monroe and Jordan Johnson collaborate to arrange $4.7 million refinance of Desert Meadows Apartments in Las Vegas

LAS VEGAS (May 15, 2018) – Scott Monroe, senior vice president/managing director and Jordan Johnson, vice president of NorthMarq Capital’s Las Vegas office arranged the $$4.7 million refinance of Desert Meadows Apartments, a 124-unit multifamily property located at 9655 Ensworth Street in Las Vegas, Nevada. The transaction was structured with an 11-year term on a fifteen year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “We were able to leverage our life company correspondent agreement to assist the borrower with the lowest rate and best deal structure for their future plans with the property,” stated Monroe.

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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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Desert Meadows Apts
Permanent Loan - Fixed
$4,700,000