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$20,850,000

For Elevate Apartments
in Henderson, NV

Financing Type: Permanent
Property Type: Multi-Family
Term: 10 Years
Amortization: 30 Years

Transaction Contacts

  • George H. Mitsanas
    Los Angeles Office
    (310) 846-5300

  • Chris Funai
    Las Vegas Office
    (702) 304-0437

  • Michael Heagerty
    San Francisco Office
    (415) 956-7600

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Multi

The 10-year loan was placed with one of Newmark’s correspondent life insurance company lenders using general account funds and provides for an interest-only period followed by a 30-year amortization. An immediate funding of $18,600,000 was used to pay off the existing construction loan and includes an earn-out element of $2,250,000. Newmark will also service the loan.

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