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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