NorthMarq Capital arranges $16.1 million in acquisition financing for Oakridge Apartments in Phoenix, Arizona
PHOENIX – James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix regional office, arranged acquisition financing of $16.1 million for Oakridge Apartments, a 282-unit multifamily property located at 3330 West Greenway Road in Phoenix, Arizona. The transaction was structured with a 7-year term with 3-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.
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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
