NorthMarq Capital’s Scott Monroe arranges acquisition financing of $23,869,000 for Las Vegas multifamily
LAS VEGAS (March 9, 2017) – Scott Monroe, managing director of NorthMarq Capital’s Las Vegas regional office, arranged acquisition financing of $23,869,000 for Newport Village Apartments, a 336-unit multifamily property located at 1827 West Gowan Road in Las Vegas, Nevada. The transaction was structured with a 10-year term with 5-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.
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