NorthMarq Capital’s Phoenix office arranges $5.65 million acquisition financing for The Addison in Phoenix, Arizona
PHOENIX – NorthMarq Capital’s Phoenix regional office, arranged a $5,650,000 acquisition loan for The Addison, a 68-unit multifamily property located in Phoenix, Arizona. The full term interest only loan provided the buyer the flexibility needed to stabilize operations and improve the buildings. NorthMarq arranged financing for the borrower through its relationship with a bridge lender.
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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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
