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.

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 $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.