September 25, 2013

NorthMarq Capital arranges $15.33 million mortgage for Desert Harbor Apartments in Peoria, Arizona

Desert Harbor Apts

Debt & Equity

Multi-Tenant

PHOENIX – NorthMarq Capital's Phoenix-based regional office, arranged acquisition financing of $15.33 million for Desert Harbor Apartments, a 264-unit, market-rate multifamily property located at 8885 West Thunderbird Road in Peoria, Arizona. Financing was based on 10-year term and a 30-year amortization period. NorthMarq arranged this financing for the borrower, Desert Harbor, LLC, through its seller-servicers relationship with Freddie Mac.

Available Multifamily properties

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.