Northmarq’s Chicago office facilitates $17M refinance for Madison at Black Mountain

HENDERSON, Nev. — Brett Hood, managing director in Northmarq’s Chicago Debt  + Equity office secured the $17.249 million cash-out refinance for Madison at Black Mountain, a 124-unit garden style apartment community located in Henderson, Nevada.

Northmarq arranged the permanent fixed-rate loan on behalf of the borrower, an affiliate of Oak Residential Partners, through its Freddie Mac Optigo lending platform. A valued partner and repeat Freddie Mac borrower, Oak Residential previously worked with Northmarq on the original seven-year Freddie Mac loan and again selected the firm to arrange the refinance upon maturity.

Located approximately 15 miles southeast of the Las Vegas Strip, Madison at Black Mountain offers residents a quieter, more residential alternative to urban living while maintaining convenient access to the region’s major employment and entertainment centers via Interstate 515/U.S. Route 95 and the Interstate 215 Beltway.

Situated in the City of Henderson, widely regarded as one of the Las Vegas Valley’s most desirable suburban communities, the property benefits from strong demographics, high-quality schools and a well-planned neighborhood setting. The community features spacious apartment homes complemented by a comprehensive amenity package, including a resort-style swimming pool, fitness center, clubhouse, dog park and outdoor gathering areas.