November 8, 2019 Comments (0) Views: 412 National News, Nevada, West

ConAm Claims Nevada MF for $55M, Mesa West Delivers Acquisition Financing

The ConAm Group acquired South Valley Ranch, a 292-unit apartment community located in Henderson, NV for $54.5 million. Los Angeles-based Mesa West Capital provided acquisition financing in the form of a nearly $41-million short-term, first mortgage debt for the acquisition and repositioning of the asset.

Built in 1997, South Valley Ranch is situated on 17.37 acres at 701 Aspen Peak Loop, and encompasses 37 two-story buildings. Each apartment includes its own patio/balcony. The unit mix includes 104 one-bedroom units, 164 two-bedroom units and 24 three-bedroom units. On-site amenities include a swimming pool, fitness center, business center, playground, BBQ area, carports and garages.

Realty Executives SNV’s Glenn Dulaine, CCIM, represented the buyer and unnamed seller.

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