LAS VEGAS (June 11, 2018) – Jordan Johnson, vice president and Jerry Peterson, vice president of NorthMarq Capital’s Las Vegas office arranged the $11,300,249 construction loan for Centennial Hills Skilled Nursing Facility, a 72-bed property located at 8565 West Rome Boulevard in Las Vegas, Nevada. The transaction was structured with a 12-month interest-only term followed by a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a national bank.
“NorthMarq was able to provide a 75 percent LTC construction financing for 72-bed Skilled Nursing Facility,” noted Johnson. “The quote will roll into a mini-perm upon completion of construction.”