Multifamily - Debt

NorthMarq Capital’s Jordan Johnson secures $2.1 million refinance of multifamily property in Las Vegas, Nevada

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. 

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.