Intrigue Apartments in Las Vegas

NewPoint Provides $17.5 Million in Acquisition Financing for Intrigue Apartments in Las Vegas

by Channing Hamilton

LAS VEGAS — NewPoint Real Estate Capital has provided $17.5 million in Fannie Mae DUS financing for the acquisition of Intrigue Apartments, a 193-unit workforce housing community in Las Vegas. David Bleiweiss originated the loan, which featured a seven-year term with four years of interest only followed by a 30-year amortization schedule.

NewPoint provided the loan through Fannie Mae’s Sponsor-Dedicated Workforce (SDW) program. Through the SDW program, borrowers receive lower interest rates and streamlined underwriting by agreeing to keep a minimum of 20 percent of units affordable at 80 percent of the area median income (AMI), or 100 to 120 percent of AMI in specific cost-burdened markets.

Intrigue Apartments, formerly known as Andiamo Apartments, was built in 1986. Amenities include a pool, fitness center, dog park, playground and barbecue areas. The garden-style community was purchased by a private family trust.

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