NorthMarq Capital arranges $5.3 million acquisition financing for Paradise Vista Apartments in Phoenix, Arizona

Paradise Vista Apts
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DENVER (July 15, 2014) – NorthMarq Capital’s Denver based regional office secured the $5.3 million acquisition of Paradise Vista Apartments, a multifamily property containing 24, two-story buildings with 352 total units located at 7102 North 43rd Avenue in Phoenix, Arizona. The transaction was structured with an 8-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. Property amenities include covered parking, as well as six onsite laundry facilities. The new owners plan to make renovations to the property.

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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