Multifamily - Debt

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

PHOENIX, ARIZONA (November 29, 2021) – 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 an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.