Multifamily

NorthMarq Capital’s Phoenix office closes $9 million refinance of Eden Apartments in Tempe, Arizona

PHOENX (April 6, 2017) – Luke Donahue, senior vice president/senior director of NorthMarq Capital’s Phoenix regional office, arranged the $9 million refinance of Eden Apartments, a 112-unit multifamily property located at 2045 South McClintock Drive in Tempe, Arizona. The full term interest-only loan was funded by NorthMarq’s Fannie Mae platform.

The highly-rated property features unit amenities such as: breakfast bar, private balconies/patios electric appliances, high ceilings, green spaces and garden-style landscaping, and close proximity to landmarks including ASU and Mesa Community College, Cigna Medical Group and Tempe St. Luke’s Hospital, Sun Devil Stadium, Tempe Marketplace and Wells Fargo Arena. Community amenities include: pool and spa, sport court area and barbecue grills.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.