NorthMarq Capital arranges bridge loan for apartment complex in Phoenix, Arizona
Brentwood Apts
PHOENIX – NorthMarq Capital’s Phoenix based regional office finalized acquisition financing of $9.06 million for Brentwood Apartments, a 224-unit multifamily property located at 11821 North 28th Drive in Phoenix, Arizona. “This non-recourse financing provided funds to acquire rehab and stabilize operations. NorthMarq customized the debt structure to compliment the new owner’s business plan. We were pleased to arrange another financing for our valued client,” said Donahue.
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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.
