Northmarq’s Phoenix office completes sale and acquisition financing via bridge loan for Los Altos Towers in Albuquerque, New Mexico

Los Altos Towers
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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.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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