Northmarq secures $11.542 million refinance of The Crossings on Grande in Tucson, Arizona
The Crossings on Grande
PHOENIX, ARIZONA (November 9, 2022) – Griffin Martin, senior vice president/managing director, and James DuMars, senior vice president/managing director of Northmarq’s Phoenix debt/equity team, arranged the $11,542,000 refinance of The Crossings on Grande. The 144-unit multifamily property is located at 410 North Grande Avenue 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 negotiated the permanent-fixed loan for the borrower through its Optigo status as a Freddie Mac 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.
