NorthMarq Capital negotiates $55,092,000 refinance of Evo Apartments in Las Vegas, Nevada
Evo Apts
LAS VEGAS (December 11, 2018) – Scott Monroe, senior vice president/managing director of NorthMarq Capital’s Las Vegas regional office, arranged the $55,092,000 refinance of Evo Apartments, a 376-unit multifamily property located in Las Vegas, Nevada. The transaction was structured with a full 10-yr interest only term. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.
“This project has enjoyed a robust lease-up. Given this is one of the highest quality suburban projects in the valley its more than understandable. Whatever it is you are looking for in a property in terms of concept, amenities or overall appeal, this asset will check all the boxes,” said 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.
