Industrial

NorthMarq Capital’s Las Vegas office secures $7 million refinance of Mojave 15 Industrial in Las Vegas, Nevada

LAS VEGAS (January 11, 2018) – Scott Monroe, senior vice president/managing director of NorthMarq Capital’s Las Vegas regional office, negotiated the $7,000,000 million refinance of a 237,500 sq. ft. industrial property located in Las Vegas, Nevada. The complex is well located in Las Vegas Valley with advantageous access from I-515, Boulder Highway and other major arterials. This transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company.

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.