With competitive debt markets and strong liquidity, Nevada has drawn interest from institutional investors, all the way down to smaller shops that are looking for ways to diversify their real estate portfolios. JLL has been awarded a license to conduct commercial mortgage brokering in the state of Nevada under JLL Nevada, LLC enabling the firm to place commercial mortgages for all property types in the state.
With tourism numbers breaking records, retail properties have become a prime target for investors, uptick has been seen in interest for Trophy mall acquisitions. Multifamily continues its strong performance, with job growth and strong rental demographics driving investment. And on the industrial front, Reno is proving to be an attractive investment option given its connectivity to major distribution hubs. Strong investment across the sectors is fueling debt activity including acquisition financing, bridge loans, construction loans, and loans for rehabs or renovations.
“Lenders are increasingly looking beyond gateway markets to make debt investments and Nevada is poised to participate in this demand. In particular, the city of Las Vegas has demonstrated significant growth since 2009 and in 2015, overall transaction volumes were up 41.1 percent from the previous year,” said Randy Fleisher, Managing Director with JLL’s Capital Markets and Managing Broker for Nevada activities. “JLL is one of the few firms to have a license in the state and this gives us another way to provide best-in-class service and advice to our clients.”
Nevada is unique in that a license and office in the state is required to conduct any business there. Why is it so important to have a commercial mortgage brokerage license in Nevada?
Fleisher shares more with GlobeSt.com in: Nevada looking more attractive, draws national interest
Managing Director, JLL Capital Markets