NorthMarq’s Phoenix office finalizes $2.507 million in acquisition financing for La Mesa Apartments in El Paso, Texas
PHOENIX, ARIZONA (January 3, 2019) – James DuMars, senior vice president/managing director and Griffin Martin, vice president/senior producer arranged the $2.507 million acquisition loan for La Mesa Apartments, a 72-unit multifamily property located at 200 North Alto Mesa Drive in El Paso, Texas. The transaction was structured with a 7-year term with 2-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower via Freddie Mac’s SBL program.
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