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