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.
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