NorthMarq finalizes $5.6 million refinance of Buffalo Springs Point in Las Vegas, Nevada
Buffalo Springs Point
LAS VEGAS, NEVADA (June 14, 2019) – Jordan Johnson, vice president and Jerry Peterson, vice president of NorthMarq’s Las Vegas office collaborated to arrange the $5.6 million refinance of Buffalo Springs Point, a 14,800 sq. ft. retail property located at 7355 South Buffalo Drive in Las Vegas, Nevada. The transaction was structured with a 10-year term with 2-years of interest-only followed by a 30-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with a CMBS lender.
“The lender was able to structure around a new tenant moving in while the deal was being underwritten,” noted Johnson.
About Northmarq
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.
