NorthMarq Capital arranged $1.337 million mortgage for Sierra Carmichael Apartments in Sierra Vista, Arizona
Sierra Carmichael Apts
OVERLAND PARK (June 11, 2013) – Greg Duvall, senior vice president and managing director of NorthMarq’s Kansas City regional office, arranged first mortgage refinancing of $1.337 million for Sierra Carmichael Apartments, a 120-unit, market-rate multifamily property located at 800 South Carmichael Avenue in Sierra Vista, Arizona. Financing was based on a 5-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower through its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS Lender.
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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.
