NorthMarq arranges acquisition financing of $32.12 million for VUE 5325 in Las Vegas, Nevada
VUE 5325
LOS ANGELES, CALIFORNIA (March 19, 2020) – Ory Schwartz, senior vice president/managing director of NorthMarq’s Los Angeles office arranged acquisition financing of $32.12 million for VUE 5325. The 240-unit multifamily property is located at 5325 East Tropicana Avenue, Las Vegas, Nevada. NorthMarq secured the permanent-floating loan for the borrower through its in-house Freddie Mac. The transaction was structured with a 10-year term with 5-years of interest only followed by a 30-year amortization schedule.
About Northmarq
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.
