NorthMarq Capital’s Las Vegas office finalizes $27.56 million refinance for Element in Los Angeles, California

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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.

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:

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