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.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.