Northmarq finalizes $4 million refinance of student housing property in Tucson, Arizona
University Manor
LOS ANGELES, CALIFORNIA (January 25, 2022) – Ory Schwartz, senior vice president/managing director of Northmarq’s Los Angeles office, secured the $4 million refinance of University Manor. The three-building/2-floor 58-unit student housing property (built in 1978) is located at 1525 North Euclid Avenue in Tucson, Arizona. Northmarq arranged the permanent-fixed loan for the borrower through its relationship with a commercial bank.
About Northmarq
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.
