Multifamily - Debt

NorthMarq Capital

NorthMarq Capital negotiates $55,092,000 refinance of Evo Apartments in Las Vegas, Nevada

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.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.