Northmarq’s Phoenix office arranges debt and equity for townhome development in Chandler, AZ

PHOENIX (Feb. 11, 2025) — Northmarq’s Debt + Equity team led by Brandon Harrington, Tyler Woodard and Alex Horsman secured the construction financing with a regional bank for  best-in-class townhome developer Porter Kyle. The private equity JV partner filled the remaining capital stack as a limited partner.

“We are thankful for the client entrusting us to source the full capital stack for this project that will provide new upscale rental housing with attached two car garages,“ said Harrington. “We are excited to see this project take shape in the Chandler submarket where supply is constrained compared to the overall Phoenix market.”

The project, set to break ground in this month, is a 100-unit townhome development located at 1535 N. Dobson Rd. in Chandler, Arizona. The project consists of one-, two- and three-bedroom units, each with their own direct access two car garage and private yard. The fully amenitized gated community will offer a clubhouse with coworking space, private conference room, fitness center, resort-style pool and outdoor kitchen with BBQs. The community will also offer a separate children’s play area, dog park and a trail system with benches to provide walkability throughout the community.