Multifamily - Debt

NorthMarq Capital arranged $5 million mortgage for Escala Villas in Mesa, Arizona

PHOENIX – NorthMarq Capital’s Phoenix-based regional office, arranged a First Deed of Trust Construction Loan in the amount of $5 million for Escala Villas in Mesa, Arizona. This asset consists of 244 for-sale condominium units. Financing was based on a 5-year interest-only term. NorthMarq arranged this financing for the borrower through its relationship with a local bank. “The borrower’s experienced development team, combined with the lender’s expertise in this product type, enabled us to negotiate loan terms that will make this project a success,” Cooper said. “Timing could not have been better for this project in this strong East Valley location.”

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.