NorthMarq Capital’s Chicago office’s arranges acquisition financing of $24.352 million for The Avenue Apartments in Las Vegas, Nevada
The Avenue Apts
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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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
