Multifamily - Debt


NorthMarq’s Phoenix office arranges refinance of Tuscany Villa & Estates in Las Cruces, New Mexico

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. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.