NorthMarq Capital secures $28.6 million refinance of luxury apartment property in Las Vegas, Nevada

Luxury Apartment Property
Debt & Equity
Multi-Tenant
Multifamily
Debt
Aviata Luxury Apartments_web cropt
LAS VEGAS (May 18, 2018) – Scott Monroe, senior vice president/managing director and Jordan Johnson, vice president of NorthMarq Capital’s Las Vegas office arranged the $28.6 million refinance of Aviata Luxury Apartments, a 456-unit multifamily property located at 2121 East Warm Springs Road in Las Vegas, Nevada. The transaction was structured with a 15-year term with 5-years interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “We were able to win the business because of our strong relationship with a correspondent life company lender,” noted Monroe.
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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.

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