Multifamily - Debt

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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.