NorthMarq Capital arranges acquisition financing of $17.743 million for 387-unit multifamily property in Phoenix, Arizona
Timbertree
PHOENIX – NorthMarq Capital’s Phoenix regional office arranged acquisition financing of $17.743 million for Timbertree, a 387-unit multifamily property located at 2800 W. Sahuaro Drive in Phoenix, Arizona. The transaction was structured with a 3-year, interest-only term. NorthMarq arranged financing for the borrower through its seller-servicer relationship with Freddie Mac.
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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.
