NorthMarq Capital’s Chicago office’s arranges acquisition financing of $24.352 million for The Avenue Apartments in Las Vegas, Nevada
CHICAGO (February 9, 2018) – Brett Hood, senior vice president and Jeff Frankel, senior vice president/senior director of NorthMarq Capital’s Chicago regional office, arranged acquisition financing of $24,352,000 for The Avenue Apartments, a 252-unit multifamily property located at 4800 East Tropicana Avenue in Las Vegas, Nevada. The transaction was structured with a 7-year term (with the first 3-years interest only) followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.
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