NorthMarq Capital’s Phoenix office arranges $5.65 million acquisition financing for The Addison in Phoenix, Arizona
The Addison
PHOENIX – 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.
Meet our team
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
