NorthMarq Capital's Phoenix office arranges acquisition financing of $13.48 million for apartment community in Tempe, Arizona
PHOENIX – NorthMarq Capital’s Phoenix-based regional office, arranged acquisition financing of $13,480,000 for Park View, a 196-unit multifamily property located at 1235 West Baseline Road in Tempe, Arizona. The transaction was structured with a 7-year term with 2-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.
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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.
