Multifamily - Debt

NorthMarq Capital secures the $6.8 million refinance of 171 unit multifamily property in Phoenix, Arizona

PHOENIX (September 30, 2015) – Luke Donahue, senior director and John Kinser, vice president of NorthMarq Capital’s Phoenix regional office secured the $6.8 million refinance of Madison Grove, a 171-unit multifamily property located at 7045 North 7th Street in Phoenix, Arizona. The transaction was structured with a 3-year interest only term. NorthMarq arranged financing for the borrower through its relationship with a regional bank.

Northmarq is a full-service 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 a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.