NorthMarq Capital arranges $17.5 million refinance of Equus Business Center in Las Vegas, Nevada
Equus Business Center
LOS ANGELES (April 20, 2015) – David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles based regional office arranged the $17.5 million refinance of Equus Business Center, a complex containing seven buildings located in Las Vegas, Nevada. The transaction was structured with a locked 10-year fixed term with an interest only period, (well below 4 percent rate) followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. The property boasts more than 175 tenants.
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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.
