NorthMarq Capital arranges $16.85 million refinance of Trop Dec Plaza in Las Vegas, Nevada
Trop Dec Plaza
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.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
