NorthMarq Capital arranges $10.5 million in acquisition financing for Palm Valley Office Park I & II in Goodyear, Arizona
Palm Valley Office Park I & II
PHOENIX – NorthMarq Capital’s Phoenix based regional office, secured $10.5 million in acquisition financing for Palm Valley Office Park I & II, located at 1616 & 1646 North Litchfield Road in Goodyear, Arizona. These two class “A” office buildings contain a combined 83,971 sq.ft. The transaction was structured with a 5-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. The buildings were acquired by K2H Palm Valley LLC, a company formed by Kootenay Holdings Ltd. in Vancouver, B.C., Canada. This exceptional asset features an ideal, diverse tenant mix,” said Stults. “The strong characteristics of the deal are an indication of the improving office market conditions in the Phoenix metro. I am pleased to have provided attractive life company financing for my clients; everyone involved worked tirelessly to successfully meet tight closing deadlines.”
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.
