Multifamily

Arranges financing for luxury apartment complex in Nevada

PHOENIX (May 23, 2014) – James V. DuMars, managing director/senior vice president of NorthMarq Capital’s Phoenix based regional office arranged financing on a luxury apartment community, consisting of 376-units and located in Henderson, N.V. The transaction was structured with 10-year term with a 10-year interest only period. NorthMarq arranged the $29 million loan for the borrower through its relationship with a correspondent life company.

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 www.northmarq.com.