NorthMarq Capital’s Las Vegas office finalizes $27.56 million refinance for Element in Los Angeles, California
Element
LAS VEGAS (January 26, 2018) – Scott Monroe, senior vice president/managing director of NorthMarq Capital’s Las Vegas regional office, negotiated the $27,560,000 million refinance of Element, a 46-unit student housing property located at 2595 S. Hoover Street, Los Angeles, California. The brand new complex is in a prime position of the University of Southern California’s (USC) campus and offers numerous modern amenities to comfort all USC students. This transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Freddie Mac.
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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.
