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

Three Multifamily Properties
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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. 

 

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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
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