July 15, 2015

NorthMarq Capital arranges $16.85 million refinance of Trop Dec Plaza in Las Vegas, Nevada

Trop Dec Plaza

Debt & Equity

Multi-Tenant

LAS VEGAS (July 15, 2015) – Scott Monroe, vice president of NorthMarq Capital’s Las Vegas regional office negotiated the $16.85 million refinance of Trop Dec Plaza, a 74,824 sq.ft. retail property located at 4945-5045 Tropicana Avenue in Las Vegas, Nevada. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a conduit CMBS lender. “The lender was able to provide the borrower with maximum loan proceeds and a very competitive rate,” said Monroe.

Available Retail (MT) properties

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.