NorthMarq Capital’s San Diego office completes $3.75 million refinance of multifamily property in Las Vegas, Nevada
SAN DIEGO (October 9, 2018) – Wyatt Campbell, vice president of NorthMarq Capital’s San Diego regional office, arranged the $3.75 million refinance of a 68-unit apartment community located in Las Vegas, Nevada. The transaction was structured with a 12-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
“Our correspondent life company lender matched the borrower’s specific need for flexible prepayment while providing a 12-year fixed-rate loan,” explained Campbell. “Additionally, the Sponsor was very pleased with the low fixed rate, which was locked at the time the Application was executed, and the smooth approval and closing process.”
Meet our team
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
