NorthMarq arranges sale and financing for the HUE97 Apartments in Mesa, Arizona

HUE97 Apts
Investment Sales - Multifamily
Debt & Equity
Multi-Tenant
Multifamily
Permanent Loan - Fixed
Freddie Mac
3093a420-2a67-413d-b7ce-e8712b8255e2.jpg

PHOENIX, ARIZONA (January 11, 2021) – NorthMarq’s Phoenix investment sales team of Trevor Koskovich, president, Bill Hahn, executive vice president, Jesse Hudson, senior vice president, and Ryan Boyle, senior associate brokered the sale of the HUE97 Apartments on January 7. The 184-unit multifamily property is located at 9736 East Balsam Avenue in Mesa, Arizona. NorthMarq represented both the buyer, Colrich Group, Inc. and the seller, Dominium Group, Inc. 

“HUE97 was a highly sought-after asset with more than 17 unique property tours and 15 offers,” said Hudson. “Ultimately the buyer was chosen due to their competitive terms, non-refundable earnest money, and credible resume.” 

NorthMarq’s San Diego debt and equity team of Steve Hollister, senior vice president and Aaron Beck, vice president, financed the acquisition with a $32,060,000 Freddie Mac loan structured with a 15-year term and 7-years of interest only at 3 percent. 

HUE97 is a recently repositioned asset with over $5 million invested into capital improvements and interior and exterior renovations in the last two years. 

View Available Multifamily Listings

Meet our team

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.
Transactions

Related Transactions

Explore all transactions
NM Web Icon News Black

Stay on top of industry research

Subscribe