Student Housing
Debt & Equity

NorthMarq Capital’s Las Vegas office secures $4.82 million refinance of student housing property in Los Angeles, California

LAS VEGAS (March 1, 2016) – Scott Monroe, senior vice president of NorthMarq Capital’s Las Vegas regional office arranged the $4.82 million refinance for the 30th Street Four Pack Apartments, a student housing property consisting of 11 total units located at 1200-1220 ½ West Street 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.

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.

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Student Housing
Debt
$4,820,000