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8/10/26
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Elan Multifamily Investments has obtained $33.5 mil in Fannie Mae financing for Ascent on Steamboat, a 204-unit multifamily community in Reno, Nevada. The five-year, fixed-rate loan was arranged by Newmark Executive Managing Directors Lowell Takahashi and Vince Punzi, along with Newmark Managing Director Hunter Curtis.
Located at 3300 Skyline Blvd in Reno's sought-after Old Southwest neighborhood, Ascent on Steamboat offers residents a blend of urban convenience and outdoor accessibility. The garden-style community features one- and two-bedroom apartment homes with upgraded interiors, panoramic mountain and city views. It likewise features extensive amenities, including indoor and outdoor swimming pools, a fitness center and clubhouse.
The property also benefits from convenient access to Skyline Boulevard, McCarran Boulevard, Interstate 80 and Interstate 580, connecting residents to major employment centers throughout the Reno-Tahoe region.
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