NorthMarq Capital completes $8.4 million refinance of multifamily property in Phoenix, Arizona
Bloom 24
PHOENX – NorthMarq Capital’s Phoenix-based regional office, arranged the $8.4 million refinance of Bloom 24, a 114-unit multifamily property located at 2323 East Flower Street in Phoenix, Arizona. The transaction was structured with a 10-year term. NorthMarq arranged financing for the borrower through its Fannie Mae DUS program.
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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.
