NorthMarq arranges $8,500,000 refinance of Napa Place Apartments in Peoria, Arizona
Napa Place Apts
PHOENIX, ARIZONA (August 7, 2019) – James DuMars, senior vice president/managing director and Griffin Martin, senior producer in NorthMarq’s Phoenix-based regional office, negotiated the $8,500,000 refinancing of Napa Place Apartments, a 100-unit multifamily property located at 11600 North 75th Avenue in Peoria, Arizona.
The transaction was structured with a 10-year term with 5-years interest-only followed by a 30-year amortization schedule. NorthMarq secured financing for the borrower through its relationship with Freddie Mac.
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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.
