NorthMarq’s San Diego and Phoenix offices complete $11.625 million refinance of Galeria De Coronado in Sierra Vista, Arizona

Galeria De Coronado
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SAN DIEGO, CALIFORNIA (October 6, 2020) – Wyatt Campbell, vice president in NorthMarq’s San Diego office collaborated with James DuMars and Griffin Martin, managing directors in NorthMarq’s Phoenix office, to arrange the $11,625,000 refinance of Galeria De Coronado. The 90-unit multifamily property is located at 1016 Sentinel Peak Road in Sierra Vista, Arizona. The transaction was structured with a 10-year term with 3-years of interest-only, followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Optigo status as a Freddie Mac lender. 

“This asset is an excellent addition to our client's growing Southern Arizona portfolio," said Campbell. “Freddie Mac won the business due to their competitive rate and ability to maximize proceeds despite the ongoing challenges presented by the COVID-19 pandemic."

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.