The Bascom Group Completes $30.8 Million Refinancing of Gateway Villas Apartments Despite Challenging Environment

IRVINE, Calif., Nov. 4, 2026 /PRNewswire/ -- The Bascom Group, LLC ("Bascom") has completed a $30.8 Million refinancing of The Gateway Villas Apartments, a 200-unit multifamily community located in the Las Vegas. Bascom acquired the 1984/1985 built garden-style multifamily property in Las Vegas, Nevada in an off-market transaction in December 2021.

Brian Eisendrath, Cameron Chalfant, Jesse Zarouk, and Jake Vitta of IPA Capital Markets arranged the financing, with Bridge Investment Group providing the $30.8 million loan. Apartment Management Consultants will continue providing property management services for the community.

Constructed in 1984/1985, Gateway Villas offers residents a low-density apartment community with efficiently designed floorplans that include private patios or balconies. The Property consists of 52% one- and 48% two-bedroom floorplans and features a fitness center, resident clubhouse, pool and BBQ area, and a putting green. Bascom completed strategic renovation program modernizing the fitness center, clubhouse, and pool areas while repurposing the putting green into a central park that is activated with a shaded play structure, BBQ station, seating areas, and landscaping. Gateway Villas is centrally located with convenient access throughout the Las Vegas valley including major employment centers like the world-famous Las Vegas Strip, the rapidly growing Las Vegas Medical District, Allegiant Stadium, and the soon to be completed Las Vegas A's stadium. The surrounding neighborhood has abundant retail, recreation, and entertainment offerings catering to families and individuals alike.

Near-term multifamily fundamentals for Las Vegas remain pressured by recent deliveries, while improving rent trends and a rapidly declining construction pipeline support the outlook for market stabilization. Continued population, household, and labor force growth provide underlying demand support as the market works through the current supply cycle. Gateway Villas continues to outperform the Winchester submarket, supporting the view that the Property remains well positioned to benefit as market conditions normalize.