Office

NorthMarq Capital’s San Diego office arranges $8 million refinance for a Hughes Airport Center Office Building in Las Vegas, Nevada

SAN DIEGO (June 28, 2017) Doug Austin, senior vice president/ senior director of NorthMarq Capital’s San Diego regional office, arranged refinancing of $8,000,000 for an office building located within the Hughes Airport Center in Las Vegas, Nevada. The transaction was structured on a 10-year loan term. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender.

“The lender used previously approved loan documents from another CMBS lender,” said Austin.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.