NorthMarq’s Phoenix office arranges refinance of Tuscany Villa & Estates in Las Cruces, New Mexico
Tuscany Villa & Estates
PHOENIX, ARIZONA (March 4, 2021) – Griffin Martin, senior vice president/managing director and James DuMars, senior vice president/managing director of NorthMarq’s Phoenix Debt/Equity team collaborated to secure the refinance of Tuscany Villa & Estates. The 138-unit multifamily property is located at 1151 North Roadrunner Parkway in Las Cruces, New Mexico. The transaction was structured with a fully-amortizing 15-year term. NorthMarq arranged the permanent-fixed loan for the borrower through its in-house Fannie Mae platform.
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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.
