March 1, 2016

NorthMarq Capital’s Las Vegas office negotiates $2.504 million refinance of student housing property in Los Angeles, California

Student Housing

Debt & Equity

Multi-Tenant

LAS VEGAS (March 1, 2016) – Scott Monroe, senior vice president of NorthMarq Capital’s Las Vegas regional office finalized the $2.504 million refinance for a student housing property consisting of five units located at 2647 & 2649 Ellendale Place in Los Angeles, California. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.

Available Student Housing properties

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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.