Northmarq’s Phoenix Debt + Equity team arranges $20.5M refinance of Oakridge Apartments
Oakridge Apartments
Northmarq’s Phoenix Debt + Equity team led by James DuMars and Kurt Boettcher successfully arranged the $20.5 million refinance of Oakridge Apartments, a 282-unit multifamily housing community located at 3330 W Greenway Rd in Phoenix, Arizona.
Northmarq arranged the permanent-fixed financing on behalf of the borrower, Univest Inc., through a correspondent relationship with Freddie Mac. The transaction was structured on a seven-year term.
Built in 1984 and renovated in 2015, Oakridge Apartments feature studio, one- and two-bedroom units. It is conveniently located with close proximity to Interstate 17 and is roughly 15 miles north of downtown Phoenix.
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.
