Northmarq completes acquisition financing of $3,375,000 for The Eugie Apartments in Phoenix, Arizona
The Eugie Apts
PHOENIX, ARIZONA (January 9, 2023) – Griffin Martin, senior vice president/managing director of Northmarq’s Phoenix debt/equity office, arranged acquisition financing of $3,375,000 for The Eugie Apartments. The 25-unit multifamily property (built in 1984) is located at 2216 East Eugie Terrace in Phoenix, Arizona. The transaction was structured with a 7-year term with 4-years of interest only payments. Northmarq secured the permanent-fixed rate loan for the borrower through its relationship with a local bank.
About Northmarq
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.
