NorthMarq’s Phoenix office completes $3.8 million in acquisition financing for American Village in Tucson, Arizona
PHOENIX, ARIZONA (March 4, 2021) – Griffin Martin, senior vice president/managing director and James DuMars, senior vice president/managing director of NorthMarq’s Phoenix Debt/Equity team collaborated to arrange acquisition financing of $3.8 million for American Village. The 56-unit multifamily property is located at 1241 West Roger Road in Tucson, Arizona. The high leverage loan was structured with full term interest only and provided the borrower with funds for improving the property.
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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.
