Multifamily - Debt

Northmarq’s Phoenix office finalizes $5.98 million acquisition financing of Decco 109 in Tempe, Arizona

PHOENIX, ARIZONA (November 9, 2022) – Griffin Martin, managing director/senior vice president of Northmarq’s Phoenix debt/equity team, secured the $5.98 million acquisition financing of Decco 109. The 40-unit/2-story multifamily property is located at 109 East Broadway Road in Tempe, Arizona. Northmarq secured the permanent-fixed loan for an individual investor through a commercial bank.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.