NorthMarq closes acquisition financing of $106,820,000 for Allanza at the Lakes in Las Vegas, Nevada
LOS ANGELES, CALIFORNIA (June 24, 2019) – NorthMarq Los Angeles’ Ory Schwartz arranged acquisition financing of Allanza at the Lakes, an 896 unit multifamily property located in Las Vegas. This $152,000,000 purchase was the largest single multifamily asset transaction in Nevada history.
The property is located in the Summerlin Lakes Master Planned Community and enjoys a mountain backdrop and close proximity to Las Vegas. Restaurants and shopping opportunities are available in nearby Boca Park. The property is certified under the Las Vegas Crime-Free Multi-Housing program. The community also has easy access to public transportation and the I-215 Freeway,
“The acquisition financing on behalf of a joint venture between TruAmerica and an institutional capital partner, was arranged through NorthMarq’s relationship with Freddie Mac. As a Freddie Mac Select Sponsor, Truamerica leveraged this purchase with attractive Green Advantage financing through the agency’s 10 year floating rate program,” said Schwartz.
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