Multifamily - Debt

Northmarq’s Phoenix office completes acquisition financing of $27.6 million for three multifamily properties in Phoenix, Arizona

PHOENIX, ARIZONA (May 10, 2022) – Griffin Martin, senior vice president/managing director of Northmarq’s Phoenix debt/equity team, arranged acquisition financing for two transactions consisting of three properties for a combined $27.6 million. Northmarq secured the financing for the client through its relationship with a bridge lender. 

Alara Rojo: Northmarq negotiated acquisition financing of $12.35 million for this 80-unit multifamily property (built in 1984) located at 15417 North 29th Street in Phoenix, Arizona. The floating rate loan was structured with a 3-year interest only term. 

Alara Azul & Alara Verde: Northmarq finalized acquisition financing of $15.25 million for these two multifamily properties (built in 1985) consisting of 85 units. The properties are located at 16645 & 16801 North 31st Street in Phoenix, Arizona. The floating rate loan was structured with a 3-year interest only term. 

 

Northmarq is an industry-leading 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 an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.