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.
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.
