Northmarq’s San Diego office arranges $14 million refinance for Mesa Verde Apartments in Las Vegas, Nevada
Mesa Verde Apts
SAN DIEGO, CALIFORNIA (June 20, 2022) – Aaron Beck, managing director of Northmarq’s San Diego office, secured $14 million in financing for Mesa Verde, a 136-unit apartment community. The property is located at 6335 Annie Oakley Drive in Las Vegas, Nevada. The permanent fixed-rate loan was arranged for the borrower through Northmarq’s in-house Fannie Mae platform
“Using Fannie Mae’s Streamlined Rate Lock (SRL) option, the borrower was able to lock the interest rate within a day of executing the application and just before a subsequent increase in treasury rates,” explained Beck. “The loan provided full-term interest only payments and cash out that will be used to expand the borrower’s existing real estate portfolio.”
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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.
