NorthMarq Capital arranges permanent financing of $3,055,000 and equity of $987,000 for Sunflower Apartments in Tucson, Arizona
Sunflower Apts
DENVER (January 5, 2016) – NorthMarq Capital’s Denver office arranged debt of $3,055,000, as well as equity totaling $987,000 for Sunflower Apartments located at 6502 E. Golf Links Road in Tucson, Arizona. The gated community consists of 144 units contained in eighteen, two-story buildings. Property amenities feature fitness center, pool and spa, 24-hour laundry facility, racquetball court, and playground. Units have Wi-Fi, vaulted ceilings, private entryways and balconies or patios. Paul Bruder, vice president; and Conor McCahill, investment analyst, arranged the financing for the borrower through NorthMarq’s correspondent relationship with a life insurance company.
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.
