NorthMarq Capital arranged $1.825 million mortgage for Sunset Vista Apartments in Tucson, Arizona
Sunset Vista Apts
PHOENIX – NorthMarq Capital's Phoenix-based regional office, arranged first mortgage refinancing of $1.825 million Sunset Vista Apartments, a 104-unit, market-rate multifamily property located at 5909 East Golf Links Road in Tucson, Arizona. Financing was based on 10-year term and a 30-year amortization period. NorthMarq arranged this financing for the borrower, Sunset Vista Investors, LLC, through its relationship with a Fannie Mae lender. “This refinance through the small balance loan program of Fannie Mae allowed the borrower to lock in a great long-term rate and greatly reduce closing costs,” Kinser said.
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.
