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