Northmarq’s Phoenix office finalizes $7.26 million refinance of multifamily property in Tolleson, Arizona
PHOENIX, ARIZONA (August 2, 2021) – James DuMars, senior vice president/managing director of Northmarq’s Phoenix debt/equity team, arranged the $7,260,000 refinance of a multifamily property. The 76-unit multifamily property is located at 400 North 96th Avenue in Tolleson, Arizona. The transaction was structured with a 10-year term with 5-years interest only, followed by a 30-year amortization schedule. Northmarq negotiated the permanent-fixed loan for the borrower through its Fannie Mae DUS platform.
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