August 20, 2013

NorthMarq Capital arranged $8.94 million mortgage for The Vineyards Apartments in Glendale, Arizona

The Vineyards Apts

Debt & Equity

Multi-Tenant

PHOENIX – NorthMarq Capital's Phoenix regional office, arranged first mortgage refinancing of $8.94 million for The Vineyards Apartments, a 300-unit, market-rate suburban multifamily property located in Glendale, Arizona. Financing was based on a 7-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower, Vineyard/Phoenix Investments, LLC, an Arizona limited liability company, through its relationship with a local bank.

Available Multifamily properties

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.