Multifamily - Debt

NorthMarq Capital

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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.