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. 

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit

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