Other - Debt

NorthMarq Capital

NorthMarq Capital’s Jerry Peterson and Jordan Johnson negotiate $11,300,249 construction loan for Centennial Hills Skilled Nursing Facility

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.” 

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.