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