NorthMarq Capital’s Scott Monroe arranges $37 million refinance of Sahara Center in Las Vegas, Nevada
LAS VEGAS (May 29, 2018) – Scott Monroe, senior vice president/managing director of NorthMarq Capital’s Las Vegas office finalized the $37 million refinance of Sahara Center, a 222,883 sq. ft. retail property located at 10000 West Sahara Avenue in Las Vegas, Nevada. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a conduit CMBS lender. Major tenants include: Sprouts, TJ Maxx, PetCo, Canes, In-N-Out, Steinmart and Burlington Coat Factory.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.