Northmarq’s Phoenix office arranges $28,135,000 acquisition of Class “A” multifamily property in San Antonio, Texas

Class A Multifamily
03aa4276-4593-482a-93a9-3e03c68265e3.jpg

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.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

Image
NM Web Icon News Black

Stay on top of industry research