NorthMarq Capital’s Phoenix office arranges $29.8 million refinance of The Cove in Phoenix, Arizona
The Cove
PHOENIX (August 14, 2017) – Luke Donahue, senior vice president/senior director of NorthMarq Capital’s Phoenix regional office and Scott Monroe, managing director of NorthMarq Capital’s Las Vegas regional office, negotiated the $29,800,000 refinance of The Cove, a 652-unit multifamily property located at 2545 N 83rd Ave Phoenix, Arizona. The transaction was structured with a 15-year loan term on a 30 year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company.
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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.
