NorthMarq secures sale and acquisition financing of The Bluffs at Tierra Contenta in Santa Fe, New Mexico

The Bluffs at Tierra Contenta
Investment Sales - Multifamily
Debt & Equity
Multi-Tenant
Multifamily
Permanent Loan - Fixed
Fannie Mae
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NEWPORT BEACH, CALIFORNIA (June 8, 2021) – Joe Giordani, senior vice president/managing director and Brendan Golding, vice president of NorthMarq’s Newport Beach office arranged acquisition financing for The Bluffs at Tierra Contenta. The 160-unit multifamily property (2000 vintage) is located at 6600 Jaguar Drive in Santa Fe, New Mexico. NorthMarq arranged the permanent-fixed loan for the borrower through its in-house Fannie Mae team. 

“The borrower secured 10-year fixed rate financing through Fannie Mae. The 75% loan to value financing was maximum leverage for this market and we were also able to provide 5-years of interest only payments for the borrower,” said Giordani. “We were able to close in 40 days to accommodate the buyer’s exchange timeline.” 

Giordani and Golding collaborated with NorthMarq’s Phoenix investment sales team of Trevor Koskovich, president, Bill Hahn, executive vice president, Jesse Hudson, senior vice president and Cynthia Meister in NorthMarq’s Albuquerque investment sales office. 

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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.
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