NorthMarq Capital’s Phoenix office arranges $29.8 million refinance of The Cove in Phoenix, Arizona
PHOENIX (August 14, 2017) – Luke Donahue, senior vice president/senior director of NorthMarq Capital’s Phoenix regional office and Scott Monroe, managing director of NorthMarq Capital’s Las Vegas regional office, negotiated the $29,800,000 refinance of The Cove, a 652-unit multifamily property located at 2545 N 83rd Ave Phoenix, Arizona. The transaction was structured with a 15-year loan term on a 30 year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company.
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.
