Northmarq’s Phoenix office completes sale and acquisition financing via bridge loan for Los Altos Towers in Albuquerque, New Mexico
Los Altos Towers
ALBUQUERQUE, NEW MEXICO (November 29, 2021) – Cynthia Meister, vice president of Northmarq's Albuquerque investment sales office and Jesse Hudson, senior vice president of Northmarq's Phoenix investment sales office, collaborated to secure the sale of Los Altos Towers. Griffin Martin, senior vice president/managing director of Northmarq’s Phoenix debt/equity team arranged acquisition financing for Los Altos Towers. The 2-building/186-unit multifamily property (built in 1978) is located at 9125 Copper Avenue NE in Albuquerque, New Mexico. The transaction was structured with a 3-year interest-only term. Northmarq arranged the bridge loan for the borrower through its relationship with a bridge/mezzanine lender.
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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.
