LAS VEGAS (May 18, 2018) – Jordan Johnson, vice president and Jerry Peterson, vice president of NorthMarq Capital’s Las Vegas office arranged the $3.7 million refinance of Craig Plaza, a 15,955 sq. ft. retail property located at 7083 West Craig Road in Las Vegas, Nevada. The transaction was structured with a 10-year term followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through a conduit CMBS lender.
“We were able to provide a full cash-out of the borrower’s initial investment in the property through our strong relationship with a CMBS lender,” noted Peterson.