NorthMarq Capital arranges acquisition financing of $6.174 million for multifamily property in Phoenix, Arizona

West 35th
0000000000000000000000000718292
PHOENIX – NorthMarq Capital’s Phoenix regional office arranged acquisition financing of $6.174 million for West 35th, a 144-unit multifamily property located at 15615 North 35th Avenue in Phoenix, Arizona. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.