NorthMarq Capital arranges $8.6 million refinance for Rancho Verde Apartments in Las Vegas, Nevada
Rancho Verde Apts
LAS VEGAS (December 1, 2015) – Scott Monroe, senior vice president of NorthMarq Capital’s Las Vegas office negotiated the $8.6 million refinance of Rancho Verde Apartments, a 264-unit multifamily property located at 98 South MLK Boulevard in Las Vegas, Nevada. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.
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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.
