Scott Monroe and Jordan Johnson collaborate to arrange $4.7 million refinance of Desert Meadows Apartments in Las Vegas
Desert Meadows Apts
LAS VEGAS (May 15, 2018) – Scott Monroe, senior vice president/managing director and Jordan Johnson, vice president of NorthMarq Capital’s Las Vegas office arranged the $$4.7 million refinance of Desert Meadows Apartments, a 124-unit multifamily property located at 9655 Ensworth Street in Las Vegas, Nevada. The transaction was structured with an 11-year term on a fifteen year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “We were able to leverage our life company correspondent agreement to assist the borrower with the lowest rate and best deal structure for their future plans with the property,” stated Monroe.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
