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