December 1, 2015

NorthMarq Capital arranges $8.6 million refinance for Rancho Verde Apartments in Las Vegas, Nevada

Rancho Verde Apts

Debt & Equity

Multi-Tenant

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 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.

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