Multifamily - Debt

NorthMarq Capital

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.”

 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.