Multifamily - Debt

Northmarq’s San Diego office arranges $14 million refinance for Mesa Verde Apartments in Las Vegas, Nevada

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.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.