Multifamily - Debt

NorthMarq arranges acquisition financing of $32.12 million for VUE 5325 in Las Vegas, Nevada

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. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.