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
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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.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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