Multifamily - Debt


NorthMarq’s Phoenix office completes $16.07 million refinance of Copperhill Apartments in Tucson, Arizona

PHOENIX, ARIZONA (September 9, 2021) – Griffin Martin, senior vice president/managing director and James DuMars, senior vice president/managing director of NorthMarq’s Phoenix office arranged the $16.07 million refinance of Copperhill Apartments. The 160-unit multifamily property is located at 7950 East Stella Road in Tucson, Arizona. The transaction was structured with a 10-year term with 5-years of interest only followed by a 30-year amortization schedule. NorthMarq secured the permanent-floating loan for the borrower through its status as a Freddie Mac Optigo lender. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.