Multifamily - Debt

NorthMarq Capital arranged $22.067 million mortgage for Mountain Park Ranch Apartments in Phoenix, Arizona

PHOENIX – NorthMarq Capital’s Phoenix-based regional office, arranged acquisition financing of $22,067,000 for Mountain Park Ranch Apartments located in Phoenix, Arizona. This Class A property consists of 240 multifamily units in 17, two-story residential buildings. Financing was based on a 10-year term with 2 years interest only followed by a 30-year amortization schedule. NorthMarq arranged this financing for the borrower, Tuscan Townhomes LLC, through its seller-servicer relationship with Freddie Mac.

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.