Multifamily - Debt

NorthMarq arranges acquisition financing of $13.713 million for Vesta on 12th in Phoenix, Arizona

PHOENIX, ARIZONA (NOVEMBER 30, 2020) – Brandon Harrington, managing director and Tyler Woodard, vice president of NorthMarq’s Phoenix office secured acquisition financing of $13.713 million for Vesta on 12th. The transaction was structured with a 10-year term with 5-years of interest-only followed by a 30-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its Optigo status as a Freddie Mac lender. 

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.