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.
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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: www.northmarq.com.
