Retail - Debt

NorthMarq Capital

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 Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.