Northmarq’s Los Angeles office secures $44.575 million in acquisition financing for multifamily property in Tucson, Arizona
Multifamily Property
LOS ANGELES, CALIFORNIA (August 8, 2022) – Zalmi Klyne, senior vice president/managing director of Northmarq’s Los Angeles office finalized acquisition financing of $44.575 million for a 301-unit multifamily property (built in 1980) located in Tucson, Arizona. The bridge loan was structured with a 3-year term with full-term interest only followed by two 1-year extensions. Northmarq arranged the financing for the borrower, a repeat private investor, through its relationship with an international non-bank CRE lender.
Meet our team
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
