NorthMarq Capital’s Jordan Johnson secures $2.1 million refinance of multifamily property in Las Vegas, Nevada
Cottonwood Creek Apts
LAS VEGAS (December 11, 2018) – Jordan Johnson, vice president of NorthMarq Capital’s Las Vegas-based regional office, arranged the $2.1 million refinance of Cottonwood Creek Apartments, a 128-unit multifamily property located in Las Vegas, Nevada. The permanent-fixed loan was structured with a 25-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
“Our life company correspondent came to bat for this deal with long-term financing which helped win the client from other bank offers,” said 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.
