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.