Multifamily - Debt

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. 

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 more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.