Multifamily - Debt

NorthMarq Capital’s Las Vegas office finalizes $1.46 million refinance of Riverside Artist Lofts in Reno, Nevada

LAS VEGAS (May 18, 2018) – Jordan Johnson, vice president of NorthMarq Capital’s Las Vegas office completed the $1.46 million refinance of Riverside Artist Lofts, a 35-unit LIHTC property located at 17 South Virginia Street in Reno, Nevada. The transaction was structured with a 7-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac. “This adjustable rate deal was closed thanks to our very hands-on Freddie Mac Capital Services team at NorthMarq—they ensured a smooth and timely close,” said Johnson.

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 more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.