Northmarq’s Los Angeles office secures $44.575 million in acquisition financing for multifamily property in Tucson, Arizona
LOS ANGELES, CALIFORNIA (August 8, 2022) – Zalmi Klyne, senior vice president/managing director of Northmarq’s Los Angeles office finalized acquisition financing of $44.575 million for a 301-unit multifamily property (built in 1980) located in Tucson, Arizona. The bridge loan was structured with a 3-year term with full-term interest only followed by two 1-year extensions. Northmarq arranged the financing for the borrower, a repeat private investor, through its relationship with an international non-bank CRE lender.
Meet our team
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.
