NorthMarq Capital arranges $3.2 million acquisition of Calle Central Apartments in Phoenix, Arizona
Calle Central Apts
DENVER (April 10, 2014) – John M. Stewart, senior vice president and Dan Zale, investment analyst of NorthMarq Capital’s Denver based regional office secured the $3.2 million acquisition of Calle Central Apartments, a 128-unit multifamily property located at 8818 South Central Avenue, Phoenix, Arizona. The transaction was structured with a 3-year term and 20 year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a regional bank. The two-three story buildings that make-up the property contain such amenities as: two outdoor swimming pools, laundry facilities and a playground. The new owners will be significantly renovating the property in two phases.
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.
