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