The Bascom Group Secures 30.8 Million Refinancing for Las Vegas Apartments

The Bascom Group, LLC has completed a $30.8 million refinancing of The Gateway Villas Apartments in Las Vegas, Nevada. Digital Journal reported that Bridge Investment Group provided the loan for the 200-unit multifamily community. IPA Capital Markets advisors Brian Eisendrath, Cameron Chalfant, Jesse Zarouk, and Jake Vitta arranged the financing package. [1]

The property is a garden-style multifamily community that was constructed in 1984 and 1985. Digital Journal reported that The Bascom Group originally acquired the Las Vegas property during an off-market transaction in December 2021. Apartment Management Consultants will remain as the property manager to provide ongoing management services for the residential community. [1]

Refinancing involves replacing an existing debt obligation with another debt obligation under a different term and interest rate. Specific terms and conditions often vary based on underlying economic factors, regulatory frameworks, inherent risk, and borrower creditworthiness. Residential mortgages serve as one of the most common forms of refinancing transactions across industrialized economies. [6]