Multifamily
Debt & Equity

NorthMarq negotiates $7.28 million refinance of Corona Del Sol in Phoenix, Arizona

PHOENIX, ARIZONA (October 28, 2020) – Griffin Martin, senior vice president/managing director and James DuMars, senior vice president/managing director of NorthMarq’s Phoenix office arranged the $7.28 million refinancing of Corona Del Sol. The 64-unit multifamily property is located at 27 East Corona Avenue in Phoenix, Arizona. The transaction was structured with a 10-year term with 5-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged the permanent-floating loan through its status as a Freddie Mac Optigo 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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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Corona Del Sol
Permanent Loan - Floating
$7,280,000