Multifamily

NorthMarq Capital’s Phoenix office arranges $5.65 million acquisition financing for The Addison in Phoenix, Arizona

PHOENIX (January 11, 2018) – Luke Donahue, senior vice president/senior director of NorthMarq Capital’s Phoenix regional office, arranged a $5,650,000 acquisition loan for The Addison, a 68-unit multifamily property located in Phoenix, Arizona. The full term interest only loan provided the buyer the flexibility needed to stabilize operations and improve the buildings. NorthMarq arranged financing for the borrower through its relationship with a bridge lender.

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 northmarqcap.wpengine.com.