SRB Living LLC Secures $75 Million Refinance Loan For 380-Unit Multifamily In North Las Vegas

The asset involved in this transaction is a 380-unit, two-story walk-up apartment property located at 4100 Scott Robinson Boulevard in North Las Vegas, NV. The refinancing loan secured for the property amounts to $75,000,000 and is categorized as a floating-rate, interest-only loan.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $75,000,000
• Loan Type: Refinance
• Loan Terms: Floating-rate, interest-only
• Lender: Benefit Street Partners
• Landlord: SRB Living LLC
• Brokers: Justin Nelson, Eric Norris, PJ Feichtmeier & Jared Diedrich - Walker & Dunlop

Walker & Dunlop was responsible for arranging the refinancing loan for North Park Living on behalf of SRB Living LLC. The transaction was managed by W&D Capital Markets team members Justin Nelson, Eric Norris, PJ Feichtmeier, and Jared Diedrich, who facilitated the loan provided by Benefit Street Partners.