Retail - Debt

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. 

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.