NorthMarq Capital seals $3.7 million refinancing of Craig Plaza in Las Vegas, Nevada
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.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
