Northmarq’s Phoenix office arranges $28,135,000 acquisition of Class “A” multifamily property in San Antonio, Texas
PHOENIX, ARIZONA (February 26, 2021) – James DuMars, senior vice president/managing director of Northmarq’s Phoenix debt/equity team, arranged the $28,135,000 acquisition of a Class “A” multifamily property. The 360-unit Class “A” multifamily property is located at 22202 Estate Hill Drive in San Antonio, Texas. The transaction was structured with a 7-year, full-term interest only, loan. Northmarq negotiated the permanent-fixed loan for the borrower through its Optigo status as a Freddie Mac lender.
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