Retail - Debt

NorthMarq Capital

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 Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.