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.