Multifamily - Debt

Northmarq secures $11.542 million refinance of The Crossings on Grande in Tucson, Arizona

PHOENIX, ARIZONA (November 9, 2022) – Griffin Martin, senior vice president/managing director, and James DuMars, senior vice president/managing director of Northmarq’s Phoenix debt/equity team, arranged the $11,542,000 refinance of The Crossings on Grande. The 144-unit multifamily property is located at 410 North Grande Avenue in Tucson, Arizona. The transaction was structured with a 10-year term with 5-years of interest only followed by a 30-year amortization schedule. Northmarq negotiated the permanent-fixed loan for the borrower through its Optigo status as a Freddie Mac lender. 

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.