Northmarq’s Phoenix office structures $20 million acquisition of Class “A” multifamily property in San Antonio, Texas

Class A Multifamily
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PHOENIX, ARIZONA (October 27, 2022) – James DuMars, senior vice president/managing director of Northmarq’s Phoenix debt/equity team, arranged the $20,000,000 acquistion of a Class “A” multifamily property. The 217-unit Class “A” multifamily property is located at 2810 Babcock Road in San Antonio, Texas. The transaction was structured with a 7-year, full-term interest only, loan. Northmarq negotiated the permanent-floating 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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.