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.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.