Nevada Lawmakers Should Heed FHFA Warning When Addressing HOA Foreclosure Issue

If lawmakers don’t heed these warnings, FHFA officials have suggested that lenders could seriously curtail or even stop making mortgage loans in Nevada.

As the Nevada Legislature wraps up this month, state lawmakers will be addressing several issues important to homeowners and the local housing market. One of the most crucial, and perhaps most complex, deals with foreclosures by homeowner associations. Groups representing HOAs are fighting any legislation that could threaten or eliminate the so-called super priority lien … [Read more...]

Nevada’s Residential Market: A Season of Change

For the last two years, Nevada’s residential housing market has seen substantial rebound, with significant effect on prices.

For the last two years, Nevada’s residential housing market has seen substantial rebound, with significant effect on prices. Lowered median home prices have created low inventory and a seller’s market, which in turn impacted distressed properties and neighborhoods. “People are a lot smarter today, having learned from mistakes that occurred in the market; buyers are much … [Read more...]

Vegas Home Prices Rise, Market Sees More Traditional Buyers

The median price of an existing single-family home sold in Southern Nevada during June was $199,900 - the highest mark since September 2008. This is according to recent statistics released by the Greater Las Vegas Association of REALTORS (GLVAR). The median price is 2.5 percent higher than May and up over 14 percent compared to June 2013. GLVAR President Heidi Kasama called … [Read more...]

NorthMarq Capital Arranges $8 Million Refinance of Arabella Apartments in Henderson, Nevada

NorthMarq Capital’s regional office secured the refinance of a 120-unit multifamily property located at 4375 E. Sunset Road in Henderson, Nevada.

LOS ANGELES – Daniel B. McCarthy, senior vice president/senior director of NorthMarq Capital’s Los Angeles based regional office secured the $8 million refinance of Arabella Apartments, a 120-unit multifamily property located at 4375 E. Sunset Road in Henderson, Nevada. The transaction was structured with a 10-year term and 30-year amortization schedule. Northmarq arranged … [Read more...]