NorthMarq Capital secures $28.6 million refinance of luxury apartment property in Las Vegas, Nevada
Luxury Apartment Property
LAS VEGAS (May 18, 2018) – Scott Monroe, senior vice president/managing director and Jordan Johnson, vice president of NorthMarq Capital’s Las Vegas office arranged the $28.6 million refinance of Aviata Luxury Apartments, a 456-unit multifamily property located at 2121 East Warm Springs Road in Las Vegas, Nevada. The transaction was structured with a 15-year term with 5-years interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
“We were able to win the business because of our strong relationship with a correspondent life company lender,” noted Monroe.
Meet our team
About Northmarq
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.
