NorthMarq Capital secures the $6.8 million refinance of 171 unit multifamily property in Phoenix, Arizona
Madison Grove
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, 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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
