Multifamily - Debt

NorthMarq Capital

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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.