NorthMarq finalizes $5.6 million refinance of Buffalo Springs Point in Las Vegas, Nevada
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.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
