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10/23/25
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Aspire at Redwood, a 302-unit, Class A apartment community in southwest Las Vegas, has been refinanced with a new $63.2 mil permanent loan, taking out the construction financing on the luxury res project. Aspire, located at 6755 West Arby Ave, is a modern, high-finish community offering a mix of studio, one- and two-bedroom floorplans.
The building is unique to the Las Vegas market with its sustainable operating footprint from an onsite solar array powering much of the property’s energy use, Energy Star GE appliances in all units, and other sustainable building systems. Resident amenities include a resort-style pool, yoga and fitness studios, great room/club house, library with WiFi, and demonstration kitchen. Aspire also sits adjacent to a Sprouts grocery store and a roster of nearby restaurants.
Gantry’s George Mitsanas, Chris Funai and Austin Ridge represented the borrower, a private real estate investor. The 10-year, fixed rate loan was funded through a life insurance company lender. It offers near full-term interest only payments with two years of 30-year amortization. Gantry will service the loan.
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